Rupee opens nearly 2 paise up at 67.82 against dollar
The rupee opened nearly 2 paise higher at 67.82 against the dollar on Friday amid some selling of the American currency by banks and exporters. The US dollar continued to trade near to its 14-year high level against a basket of major currencies as markets repositioned for a faster pace of rate hikes by the US Federal Reserve over the next year.
The domestic equity market opened flat on Friday morning, following global cues. The BSE Sensex was trading 19.80 points higher at 26,538 in the first half-an-hour of trade, while NSE's Nifty50 was up 0.45 points at 8,154.
The local currency slipped 40 paise against the dollar on Thursday after the Fed rate hike the second time in a decade.
For Friday's session, Nirmal Bang Commodities said, "The rupee is likely to trade in the 67.70-68.00 range against the dollar on Friday."
Government bonds on Thursday slipped for the first time in three sessions, with the benchmark note falling to over one-month low. The benchmark 6.97% 2026 bond yield jumped to 6.52 per cent from 6.41 per cent on Thursday.
The domestic equity market opened flat on Friday morning, following global cues. The BSE Sensex was trading 19.80 points higher at 26,538 in the first half-an-hour of trade, while NSE's Nifty50 was up 0.45 points at 8,154.
The local currency slipped 40 paise against the dollar on Thursday after the Fed rate hike the second time in a decade.
For Friday's session, Nirmal Bang Commodities said, "The rupee is likely to trade in the 67.70-68.00 range against the dollar on Friday."
Government bonds on Thursday slipped for the first time in three sessions, with the benchmark note falling to over one-month low. The benchmark 6.97% 2026 bond yield jumped to 6.52 per cent from 6.41 per cent on Thursday.
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