The Indian rupee inched higher on Wednesday, adding to the 32 paise jump in the previous session, tracking a pullback in US treasury yields and positive domestic equities.
At the interbank forex market, the local unit opened at 72.97 against the US dollar, then inched higher to 72.88 against the greenback, registering a rise of 5 paise over its previous close.
바카라 웹사이트On Tuesday, the rupee had settled 32 paise higher at 72.93 against the American currency.
바카라 웹사이트Forex traders said the local unit opened on a positive note led by a pullback in US treasury yields.
바카라 웹사이트Bond yields fell on Tuesday after soothing remarks from US Treasury Secretary Janet Yellen downplaying prospects of runaway inflation, Reliance Securities said in a research note.
바카라 웹사이트Markets will look to the global cues amid lack of any data from the domestic markets, the note added.
바카라 웹사이트However, most Asian currencies have started weaker against the US dollar and could limit the appreciation bias in the local unit, traders said.
바카라 웹사이트Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.23 per cent to 92.16 ahead of the inflation data this Wednesday.
바카라 웹사이트On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 285.55 points higher at 51,311.03, and the broader NSE Nifty advanced 85.30 points to 15,183.70.
바카라 웹사이트Brent crude futures, the global oil benchmark, fell 0.80 per cent to USD 66.98 per barrel.
바카라 웹사이트Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 2,801.87 crore on Tuesday, according to exchange data.
