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    Rupee opens 10 paise up at 64.94 against dollar

    Synopsis

    The local currency on Monday advanced 13 paise to 65.04 on the back of foreign fund inflows and weakness in the dollar against global currencies.

    ETMarkets.com
    The rupee on Tuesday opened 10 paise higher at 64.94 against the dollar on account of selling of American currency by banks and exporters.

    The local currency on Monday advanced 13 paise to 65.04 on the back of foreign fund inflows and weakness in the dollar against global currencies.

    Foreign portfolio investors (FPIs) bought shares worth a net Rs 374.65 crore on Monday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 464.59 crore.

    Meanwhile, domestic equity markets were trading marginally in the green in early trade. BSE Sensex was up 0.12 per cent at 33,957, while NSE Nifty index was trading 0.07 per cent up at 10,429.

    Government bonds (G-Secs) recovered on Monday following fresh demand from corporates and banks, while, the overnight call money rates turned lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking sytem.

    The 7.17 per cent government security maturing in 2028 advanced to Rs 96.85 in the previous trading session from Rs 96.57 on Friday, while, its yield moved down to 7.63 per cent from 7.67 per cent.

    The 6.79 per cent government security maturing in 2027 gained to Rs 93.2450 from Rs 93.06 during the same period.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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