Rupee hits fresh five-month high in early trade
ETMarkets.com|
Jan 02, 2018, 09.52 AM IST
The rupee hit fresh five-month high in early trade and was trading almost flat at 63.67 on Tuesday.
The local currency on Monday settled at a fresh five-month high of 63.68, gaining 19 paise against the US currency.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 325.91 crore on January 1, 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1300.31 crore, as per provisional data.
Meanwhile, domestic equity markets opened in the green following global cues. The BSE Sensex was up 141.72 points, or 0.42 per cent, at 33,954.47 in opening trade, while the NSE Nifty index was up was trading 50.60 points, or 0.48 per cent higher at 10,456.15.
India's foreign exchange reserves soared by $3.53 billion to touch a new life-time high of $404.921 billion for the week ended December 22.
Hopes of sustained capital inflows into the country kept forex market buoyant last year. The currency advanced almost 6 per cent against the US dollar in 2017.
Government bond yields fell in thin trade on the first day of the year on January 1, as appetite remained weak over concerns that the government would borrow more that its fiscal target.
The GoI benchmark 6.79 per cent 2027 bond yield rose to 7.34 per cent from 7.33 per cent in the previous session.
The local currency on Monday settled at a fresh five-month high of 63.68, gaining 19 paise against the US currency.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 325.91 crore on January 1, 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1300.31 crore, as per provisional data.
Meanwhile, domestic equity markets opened in the green following global cues. The BSE Sensex was up 141.72 points, or 0.42 per cent, at 33,954.47 in opening trade, while the NSE Nifty index was up was trading 50.60 points, or 0.48 per cent higher at 10,456.15.
India's foreign exchange reserves soared by $3.53 billion to touch a new life-time high of $404.921 billion for the week ended December 22.
Hopes of sustained capital inflows into the country kept forex market buoyant last year. The currency advanced almost 6 per cent against the US dollar in 2017.
Government bond yields fell in thin trade on the first day of the year on January 1, as appetite remained weak over concerns that the government would borrow more that its fiscal target.
The GoI benchmark 6.79 per cent 2027 bond yield rose to 7.34 per cent from 7.33 per cent in the previous session.
