New Delhi: The Indian rupee on Monday opened higher 17 paise to Rs 64.88 against US Dollar in early trade among selling of American currency by exporters and banks. Rupee on Friday settled lower 23 paise to Rs 65.05 per Dollar.
The Reserve Bank of India on Friday set the reference rate for American currency to 65.0931 and for euro at 75.6837. On Friday foreign portfolio investors sold stocks of Rs 1380 crore in equity markets with gross purchases and gross sales stand at Rs 11,584.53 crore and Rs 10,204.39 crore, correspondingly.
For now the equity markets commenced in green after firm Asian cues. The BSE Sensex commenced 102.88 points, or 0.31 per cent, grew at 33,260.10, whereas the NSE Nifty index commenced 30.80 points, or 0.30 per cent, grew at 10,353.85.
Indian sovereign bonds drops previous week, with benchmark yield relocating its increase in three weeks, on heavy debt contribute and the administration’s plan to inject fresh capital in state-run lenders that comprises bank recapitalization bonds.
On Friday the Global benchmark 6.79% 2027 bond yield grew to 6.81 per cent from 6.80 per cent in the preceding gathering.