Rupee opens 10 paise up at 64.45 against dollar

The rupee opened 10 paise up at 64.45 against dollar on Thursday on account of selling of American currency by bank and exporters.

Meanwhile, domestic equity markets opened in green following mixed global cues. The 30-share BSE Sensex opened 76.65 points, or 0.25 per cent, up at 30,910, while NSE Nifty index opened 31.70 points, or 0.33 per cent, at 9,522.

According to Angel Broking, USDINR spot is likely to appreciate on Thursday tracking gains in Asian equity markets. The local currency on Wednesday settled 2 paise down at 64.55 against dollar. The RBI fixed the reference rate for the dollar at 64.5288 and for the euro at 72.3757.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 384.77 crore on Wednesday with gross purchases and gross sales of Rs 7272.13 crore and Rs 6887.36 crore, respectively., as per provisional data.

Government bonds fell for a third session on Wednesday after fresh issuance of debt by states weighed on investors’ appetite even as traders remained cautious ahead of GST tax reform.

The GoI benchmark 6.79% 2027 bond yield rose to 6.50 per cent from 6.46 per cent in the previous session.