New Delhi: Indian rupee on Thursday opens higher 3 paise to Rs 63.67 as against the US Dollar following on Wednesday the Reserve Bank of India cut the repo rate by 25 point. Rupee jumped by 37 paise to breach the psychological 64-level next to the US dollar.
Afterward on Wednesday the rupee settled at 63.70. Brokerage Angel Broking also conveyed that on Thursday USDINR spot will trade in a positive manner. Markets are discounting the rate cut move by the RBI in yesterday’s policy meet.
Domestic equity markets commenced on a flat note on mixed global cues. The BSE Sensex commenced 25.81 points, or 0.08 per cent, grew at 32502.55, while NSE Nifty index opened 0.35 points downward at 10,081.15.
On Wednesday Foreign portfolio investors stood net sellers in domestic equity markets and sold shares worth Rs 919.82 crore with gross purchases and gross sales of Rs 4,579.68 crore and Rs 5,499.50 crore, correspondingly.