Rupee opens 11 paise higher at 64.55 against dollar

The rupee opened 11 paise up at 64.55 against dollar on Wednesday on account of selling of American currency by banks and exporters.

The local currency on Tuesday settled 16 paise down at 64.66 against dollar. The RBI, meanwhile, fixed the reference rate for the dollar at 64.6336 and for the euro at 71.8338 in the previous trading session.

Meanwhile, domestic equity markets opened in green following mixed global cues. The 30-share BSE Sensex opened 63.11 points, or 0.20 per cent, up at 31,222.51, while the NSE Nifty50 index opened 12 points, or 0.12 per cent, up at 9,636.55.

Foreign portfolio investors stood net sellers in domestic equity markets on Tuesday and sold shares worth Rs 807.60 crore with gross purchases and gross sales of Rs 3,952.28 crore and Rs 4,758.88 crore, respectively.

Angel Broking believes USDINR spot is likely to depreciate further on Wednesday.

Government bonds ended steady on Tuesday, as issuance of cash management bills added to the supply even as investors eyed fresh triggers to spur volumes.

The benchmark 6.97% 2026 bond yield declined slightly to 6.66 per cent on Tuesday from 6.67 per cent in the previous session.