Rupee Opens 7 Paise Lower Towards US Dollar at 65.28

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The rupee on Thursday opened 7 paise down at 65.28 towards dollar because of buying of American currency via banks and importers.

The local currency on Wednesday settled 21 paise up at 65.21 in opposition to the us dollar. The RBI, meanwhile, fastened the reference fee for the buck at 65.3689 and for the euro at 77.0634. 

Overseas portfolio traders stood net buyers in equity markets in the previous buying and selling session and acquired shares value Rs 2680.94 crore with gross purchases and gross sales at Rs 8083.35 crore and Rs 5402.41 crore, respectively.

Government bonds rebounded, as traders stepped up purchases after the notes had fallen to file lows the day gone by amid concerns price features will lengthen financial easing. 
The GoI benchmark 6.79% 2027 bond yield decline to 7.02 per cent from 7.05 per cent in the previous session. In the meantime, equity markets opened marginally in inexperienced following global cues. The BSE Sensex opened 69.38 factors, or zero.21 per cent, up at 32,829.82, while the NSE Nifty index opened 34.85 factors, or 0.34 per cent, up at 10,152.90. 
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