The rupee fell on increased demand for the American currency from importers ahead of RBI's monetary policy decision.
The Indian rupee opened lower by 17 paise down at 70.67/$ on increased demand for the American currency from importers ahead of RBI's monetary policy decision.
The yields on the 10-year government bonds fell 0.11% to 7.57%.
On the economy front, the Nikkei India Services Business Activity Index rose in November 53.7 vs. 52.2 in October, signalling a solid upturn in output that was the strongest since July. November saw India’s economy spring back to life, as manufacturers and service providers registered stronger increases in business activity amid an upsurge in demand.
The local unit settled 4 paise down at 70.50/$ on Tuesday.
RBI's reference rate for the dollar stood at Rs70.34, while for the euro, it was at Rs80.07. Further, its reference rate for the yen stood at Rs62.21, while that for the British pound sterling, it was at Rs89.64.
The yields on the 10-year government bonds fell 0.11% to 7.57%.
On the economy front, the Nikkei India Services Business Activity Index rose in November 53.7 vs. 52.2 in October, signalling a solid upturn in output that was the strongest since July. November saw India’s economy spring back to life, as manufacturers and service providers registered stronger increases in business activity amid an upsurge in demand.
The local unit settled 4 paise down at 70.50/$ on Tuesday.
RBI's reference rate for the dollar stood at Rs70.34, while for the euro, it was at Rs80.07. Further, its reference rate for the yen stood at Rs62.21, while that for the British pound sterling, it was at Rs89.64.
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