Rupee starts 17 paise up at 64.15 against dollar

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The rupee on Wednesday opened 17 paise higher at 64.15 against the dollar, riding on the back of comforting macro data points.

Banks and exporters got on to another bout of selling of the American currency.

The rupee on Monday settled 8 paise up at 64.32 against the dollar amid strong equities.

Meanwhile, domestic equity markets opened in the green after supportive global leads. The BSE Sensex opened up 136.51 points, or 0.40 per cent, at 34,436.98. NSE Nifty index was higher by 46 points, or 0.44 per cent, at 10,585.75.

Industrial output expanded by 7.1 per cent in December, driven by robust performance of manufacturing and capital goods sectors, data from the Central Statistics Office (CSO) showed on Monday.

Retail inflation, on the other hand, eased marginally in January to 5.07 per cent — after touching a 17-month high of 5.21 per cent in December — as food price rise showed some moderation.

Foreign portfolio investors (FPIs) offloaded shares worth a net Rs 814.11 crore in the previous trading session, as per provisional data. However, domestic institutional investors (DIIs) net bought shares of Rs 1,342.70 crore.

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