The rupee on Thursday opened 2 paise up at 64.94 against dollar on account of selling of American currency by banks and exporters.The local currency on Wednesday settled at 64.96 against the dollar.On the further movement of currency, Angel Broking said, “USDINR spot is expected to appreciate tracking gains in the Asian market currencies given the robust earnings report from top companies.”Foreign portfolio investors stood net buyers in domestic equity markets on Tuesday and bought shares worth Rs 678.80 crore with gross purchases and gross sales of Rs 5,652.99 crore and Rs 4,974.19 crore, respectively.Meanwhile, domestic equity markets opened in green following global cues. The BSE Sensex opened 157.81 points, or 0.48 per cent, up at 33,376.62, while NSE Nifty index opened 55.50 points, or 0.54 per cent, up at 10,358.65.Government bonds slumped for a third straight day on Wednesday, with the benchmark note touching a new low since its issuance.Domestic bonds markets remain spooked on rising crude oil prices.The GoI benchmark 6.79% 2027 bond yield rose to 6.94 per cent on Wednsday from 6.93 per cent in the previous session.

Source: Economic Times November 09, 2017 03:45 UTC