Rupee opens 12 paise lower against US dollar at 64.20

NEW DELHI: The rupee opened 12 paise down at 64.20 against dollar on Friday on account of buying of American currency by banks and importers amid rising geopolitical tensions.

The local currency on Thursday tumbled 24 paise to 64.05 against the US dollar.

Meanwhile, domestic equity market opened in red on Friday. The BSE Sensex plunged over 305 points, or 0.97 per cent, down at 31,225, while NSE Nifty index opened 96 points, or 1 per cent, down at 9,724.

The RBI on Thursday fixed the reference rate for the dollar at 63.9437 and for the euro at 75.0635.

Foreign portfolio investors stood net sellers in domestic equity markets on Thursday and sold shares worth Rs 428.74 crore with gross purchases and gross sales of Rs 3,644.31 and Rs 4,073.05 crore, respectively.

Government bonds ended lower for a fourth day, as fresh supply from an open market sale of debt and Thursday’s weekly auction weighed on investor sentiment.

The GoI benchmark 6.79% 2027 bond yield rose to 6.49 per cent in the previous session.

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