 "Bond, rupee")
The rupee on Thursday opened 7 paise higher at 70.27 against the US dollar amid subdued Asian equities and rise in crude oil prices. The domestic currency Wednesday appreciated by 10 paise to close at 70.34, marking the second straight session of gain.
Forex traders said the rupee strengthened after the RBI announced a plan to conduct the open market operation. On the other hand, heavy selling in domestic equities and foreign fund outflows restricted its gains.
Foreign institutional investors net sold equities worth Rs 1,142.44 crore on Wednesday, provisional data available with stock exchanges showed.
Today, USD/INR pair is expected to quote
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