The Indian rupee opened lower and hit a near one-month low against the US dollar due to a spike in crude oil prices amid escalating tensions in West Asia after a US airstrike killed a top Iranian commander.
The local unit opened lower by 12 paise at 71.49/$ vs the previous close of 71.38/$.
The rupee on Thursday fell 16 paise to end at 71.38 against US Dollar.
The 10-year bond yield was trading at 6.497% from its previous close of 6.503%. The Government bond yields also fell after RBI announced its third ‘operation twist’. The RBI plans to buy three bonds for a combined Rs10,000cr on January 6.
Besides, foreign institutional investors (FIIs) bought shares worth Rs688.76cr and also, the domestic institutional investors (DIIs) bought shares of worth Rs63.95cr in as per provisional data available on the NSE.
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