Some selling in the American currency by banks and exporters supported the rupee trade higher.
The Indian rupee strengthened after depreciating in the last four trading sessions. It opened higher at 71.15/$, up by 9 paise on the back of positive opening in domestic equities and weakening greenback in overseas markets.
Some selling in the American currency by banks and exporters, supported the rupee trade higher. The yields on the 10-year government bonds up 0.3% to 7.27% from its previous close of 7.25%.
On Wednesday, the local unit slipped 19 paise to settle at 71.24 against the greenback.
On the economic front, RBI has decided to rationalize the framework for external commercial borrowings (ECBs) and rupee-denominated bonds to improve the ease of doing business.
Some selling in the American currency by banks and exporters, supported the rupee trade higher. The yields on the 10-year government bonds up 0.3% to 7.27% from its previous close of 7.25%.
On Wednesday, the local unit slipped 19 paise to settle at 71.24 against the greenback.
On the economic front, RBI has decided to rationalize the framework for external commercial borrowings (ECBs) and rupee-denominated bonds to improve the ease of doing business.
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