Indian Rupee drops 5 paise to Rs 65.19 against US Dollar

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New Delhi: The Indian rupee on Friday decreased 5 paise to Rs 65.19 against US Dollar on purchasing American currency by banks and importers. On Thursday rupee also settled lowered 13 paise to Rs 65.14.Image result for Indian Rupee drops 5 paise to Rs 65.19 against US Dollar

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The Reserve Bank of India set the reference rate for the American currency at 65.1758 and for the euro at 76.5685.

Foreign portfolio investors on Thursday stood net vendors in equity market place and sold stocks of Rs 508.39 crore with gross purchases and gross sales of Rs 3978.08 crore and Rs 4486.47 crore, correspondingly.Image result for Indian Rupee drops 5 paise to Rs 65.19 against US Dollar

For now equity markets commenced in green after mixed global cues. The BSE Sensex commenced 41 points, or 0.13 per cent, grew at 31633, whereas NSE Nifty index also commenced 14.45 points, or 0.20 per cent, grew at 9,908.

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On Thursday Administration bonds reduced with the benchmark note settling low, as investors booked profit amid little hopes of fiscal easing in the beginning term. On Thursday the Global benchmark 6.79% 2027 bond yield grew to 6.73 per cent from 6.70 per cent in the preceding session.

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