The Rupee wiped off its opening gains and was trading nearly 12 paise down at 68.54 against the dollar in early trade on Friday amid continued buying of the American currency by banks and importers.
The local currency opened 5 paise up at 68.42 against the greenback. Meanwhile, the domestic equity market opened flat with a negative bias following global cues.
The BSE Sensex was trading nearly 50 points, or 0.19 per cent, down at 26,267 around 9.30 am, while the NSE Nifty50 was down 22.25 points at 8,093.
The local currency closed higher by 27 paise at 68.47 against the US dollar on Friday compared with the previous close of 68.74. A rally in domestic equities supported market sentiments. RBI fixed the reference rate for the dollar at 68.46 and to the euro at 72.38 on Friday.
The local currency opened 5 paise up at 68.42 against the greenback. Meanwhile, the domestic equity market opened flat with a negative bias following global cues.
The BSE Sensex was trading nearly 50 points, or 0.19 per cent, down at 26,267 around 9.30 am, while the NSE Nifty50 was down 22.25 points at 8,093.
The local currency closed higher by 27 paise at 68.47 against the US dollar on Friday compared with the previous close of 68.74. A rally in domestic equities supported market sentiments. RBI fixed the reference rate for the dollar at 68.46 and to the euro at 72.38 on Friday.
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