Rupee opens nearly 4 paise down at 67.80 against dollar
The rupee opened nearly 4 paise down at 67.80 against the US dollar on Monday amid buying of the greenback by banks and exporters.
The domestic equity market opened on a cautious note following mixed global cues. The BSE Sensex opened 16.10 points, or 0.06 per cent, higher at 26,505, while NSE's Nifty50 opened 13.45 points, or 0.17 per cent, down at 8,126.
The local currency was trading nearly 3 paise down at 67.79 against the dollar at around 9.15 am. Foreign portfolio investors stood net sellers in the domestic equity market on Friday, having sold shares worth Rs 405.66 crore with gross purchases and gross sales of Rs 3,978.44 crore and Rs 4,384.10 crore, respectively.
The currency declined around 0.30 per cent against the dollar in the week gone by, as the dollar hit its 14-year high against a basket of major currencies after the Fed boosted the number of expected interest rate hikes for next calendar year.
Financial markets had widely expected the 25-basis point increase in the Fed benchmark interest rate.
The domestic equity market opened on a cautious note following mixed global cues. The BSE Sensex opened 16.10 points, or 0.06 per cent, higher at 26,505, while NSE's Nifty50 opened 13.45 points, or 0.17 per cent, down at 8,126.
The local currency was trading nearly 3 paise down at 67.79 against the dollar at around 9.15 am. Foreign portfolio investors stood net sellers in the domestic equity market on Friday, having sold shares worth Rs 405.66 crore with gross purchases and gross sales of Rs 3,978.44 crore and Rs 4,384.10 crore, respectively.
The currency declined around 0.30 per cent against the dollar in the week gone by, as the dollar hit its 14-year high against a basket of major currencies after the Fed boosted the number of expected interest rate hikes for next calendar year.
Financial markets had widely expected the 25-basis point increase in the Fed benchmark interest rate.
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