Mumbai: The Indian rupee on Thursday gained 11 paise to Rs 64.78 against US Dollar in early trade on account of selling American currency by banks and exporters. On Wednesday rupee concluded higher 18 paise to Rs 64.89 against American currency.
The Reserve Bank of India now set the reference rate for dollar at 65.1386 and for euro at 76.5900. Broking further stated that USDINR spot on Thursday predictable to grew. Moreover dealing in Asian market currencies shall give support to local currency.
On Thursday equity markets commenced flat note forward of end of October futures and options agreements. The BSE Sensex commenced 17.33 points, or drops 0.05 per cent, at 33,025.17, whereas NSE Nifty index commenced 3.55 points, or 0.03 per cent, drops at 10,291.80.
On Wednesday Indian sovereign bonds drops, with the benchmark note concluding at a record down, amid unease regarding additional supply of notes following administration declared a recapitalization plan for state-run lenders that counting bank bonds.
The Global benchmark 6.79% 2027 bond yield on Wednesday grew to 6.81 per cent from 6.78 per cent in the preceding session.