NEW DELHI: The rupee continued to appreciate further for the third straight day on Wednesday. It opened nearly 2 paise up at 67.93 against dollar on account of sustained selling of the American currency by banks and exporters.Meanwhile, domestic equity markets opened on a positive note following mixed global cues. The 30-share index opened 26.10 points up at 27,261.76, while the 50-share index settled 5.85 points up at 8,403.85.The local currency on Tuesday closed 15 paise up at 67.95 on hopes for a speedy rollout of GST. However, outflow of foreign funds from selling in equities by the institutional investors capped gains in the currency.Foreign institutional investors (FIIs) sold shares worth Rs 338.51 crore on Tuesday with gross purchases and gross sales of Rs 2,387.39 crore and Rs 2,725.90 crore, respectively.The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the dollar at 68.0509 and euro at 72.5014.Government bonds rose for the first time in three sessions on Tuesday, as investors boosted purchases to benefit from the recent decline in prices. The benchmark 6.97% 2026 bond yield fell to 6.42 per cent from 6.44 per cent the previous day.According to Choice Broking, the rupee may find immediate support at 67.89 and resistance at 68.17 against dollar.

Source: Economic Times January 18, 2017 04:17 UTC