Rupee on Wednesday opened 21 paise lower at 71.38 per US dollar ahead of union budget, Fed meeting and Sino-US trade talks.
Rupee on Wednesday opened 21 paise lower at 71.38 per US dollar ahead of union budget, Fed meeting and Sino-US trade talks. The domestic currency opened at 71.38 and hit a high and a low of 71.32 and 71.38 a dollar, respectively. The rupee closed at 71.11 per US dollar on Tuesday. Budget would have an impact on the rupee in the coming days, experts say.
The yields on the 10-year government bonds are up 0.12 percent to 7.33 percent from its previous close of 7.32 percent.
Meanwhile, The domestic stock markets – Sensex and Nifty – opened higher on Wednesday morning, tracking positive global cues. The Sensex is up about 155 points to 35,747.94, while the Nifty is trading below the 10,700-mark. HCL Tech and Axis Bank shares rallied more than 4% each to emerge among the biggest Sensex gainers.
The private sector lender has reported 131% on-year rise in standalone profit to Rs 1,681 crore. HDFC shares slumped by more than 1% to Rs 2,030.55, after the firm’s Q3 results announced yesterday.