Rupee starts on a high, up 20 paise at 63.49 vs dollar
ETMarkets.com|
Jan 25, 2018, 10.17 AM IST
The rupee on Thursday made a positive opening with a gain of 20 paise at 63.49 against the dollar after trade protectionism cast its shadow on the US currency.
Exporters shied away from the dollar, which also depressed its value.
The local currency on Wednesday had settled 9 paise up at 63.69.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 776.42 crore on Wednesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) net offloaded shares worth Rs 193.87 crore.
Domestic stocks were trading steady in early trade. The NSE Nifty index was down 1.50 points, or 0.01 per cent, at 11,084 at around 9.20 am (IST) while the BSE Sensex fell 27 points, or 0.08 per cent, to 36,134.
Trading could remain volatile as traders roll over positions in the futures & options (F&O) segment to February 2018 series. The January derivatives contract expires today.
Government bonds declined on Wednesday as investors made room for a fresh supply of notes through a weekly auction on Thursday ahead of the Union Budget next week.
GoI benchmark 7.17 per cent, 2028 bond yield firmed up to 7.28 per cent on Wednesday.
Exporters shied away from the dollar, which also depressed its value.
The local currency on Wednesday had settled 9 paise up at 63.69.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 776.42 crore on Wednesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) net offloaded shares worth Rs 193.87 crore.
Domestic stocks were trading steady in early trade. The NSE Nifty index was down 1.50 points, or 0.01 per cent, at 11,084 at around 9.20 am (IST) while the BSE Sensex fell 27 points, or 0.08 per cent, to 36,134.
Trading could remain volatile as traders roll over positions in the futures & options (F&O) segment to February 2018 series. The January derivatives contract expires today.
Government bonds declined on Wednesday as investors made room for a fresh supply of notes through a weekly auction on Thursday ahead of the Union Budget next week.
GoI benchmark 7.17 per cent, 2028 bond yield firmed up to 7.28 per cent on Wednesday.
