The Rupee opened nearly 10 paise down at 68.48 against the US dollar on Thursday on account of fresh buying of the American currency by banks and exporters.
Market sentiment got affected after the GDP growth print for the September quarter came in at 7.3 per cent, which was lower than 7.6 per cent recorded in the same quarter last year. At 9.27 am, the local currency was trading 4 paise down at 68.43 against dollar.
Domestic equity market opened in the green following firm global cues. The BSE Sensex was trading 58 points, or 0.22 per cent, higher at 26,711 in the first hour of trade, while NSE Nifty was up 20 points, or 0.24 per cent, at 8,244.
Market experts believe there are 90 per cent chances that the US Federal Reserve will increase interest rates in its upcoming policy meet. The rate hike by the Federal Reserve will lead to further outflow of foreign funds from emerging markets like India.
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