Rupee opens 3 paise up at 64.02 against dollar

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The rupee on Tuesday opened 3 paise up at 64.02 against dollar on account of selling of Amercian currency by banks and exporters.

The local currency on Friday ended the range-bound session almost flat at 64.05 a dollar.

Overseas investors have pulled out a massive Rs 7,300 crore from the country’s stock markets this month so far, primarily due to rising crude prices and widening fiscal deficit.

Meanwhile, domestic equity markest opened higher on Tuesday after a long weekend. The BSE Sensex opened nearly 40 points, or 0.12 per cent, up at 33,980.76, while NSE Nifty index opened 19.30 points up at 10,512. The market remained closed on Monday on account of Christmas.

For the week ended December 23, government bonds slumped with benchmark yields posting their largest weekly rise in over eight months, after hawkish commentary from the Monetary Policy Committee members and amid concerns about a wider fiscal deficit.

The GoI benchmark 6.79 per cent 2027 bond yield rose to 7.27 per cent on Friday from 7.21 per cent in the previous session.

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