Rupee opens 4 paise down at 64.04 against dollar


The rupee on Friday opened 4 paise down at 64.04 against dollar on the final trading day of 2017. Year-end demand for the American currency from banks and importers mainly impacted the rupee.

The Reserve Bank of India (RBI) on Thursday fixed the reference rate of the rupee at 64.1716 against the US dollar and 76.5631 for the euro.

Meanwhile, domestic equity markets opened with marginal gains on Friday following global cues. The BSE Sensex opened 41 points up at 33889, while NSE Nifty index opened 14 points higher at 10,492.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 562.55 crore on Thursday, as per provisional data released by the stock exchanges.

Government yields posted their biggest single-session jump in about 11 months on December 28, as a hike in fiscal year borrowing amount sparked concerns about the government’s fiscal prudence.

The GoI benchmark 6.79 per cent 2027 bond yield rose sharply to 7.40 per cent on Thursday from 7.22 per cent in the previous session.

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