NEW DELHi: The rupee on Monday opened 9 paise down at 64.41 against dollar on account of selling of American currency by banks and exporters.According to ICICIdirect.com, the US dollar continue its slide ahead of Federal Reserve Monetary policy meeting announcement on Wednesday. The Fed is widely expected to hold rates while the focus would be on future rate outlook in the backdrop of the recent downtick in inflation data.The local currency on Friday settled 11 paise up at 64.32 against the American currency. The RBI, meanwhile, fixed the reference rate for the dollar at 64.3185 and for the euro at 74.8796.Meanwhile, domestic equity markets opened in green following mixed global cues. The BSE Sensex opened 71.33 points, or 0.22 per cent, up at 32,100, while NSE Nifty index opened 21.55 points, or 0.22 per cent, up at 9,936.80.Foreign portfolio investors stood net buyers in domestic equity markets on Friday and bought shares worth Rs 175.09 crore with gross purchases and gross sales of Rs 4,314.40 crore and Rs 4,139.31 crore, respectively.Government bond yields fell for a second week on increasing expectation that the monetary policy committee may cut rates.The GoI benchmark 6.79% 2027 bond yield declined to 6.44 per cent on Friday from 6.45 per cent in the previous session.

Source: Economic Times July 24, 2017 04:18 UTC