Rupee opens lower at 60.23 per dollar
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Mumbai: The Indian rupee on Friday opened lower against the dollar tracking mixed cues from the Asian currencies markets.
At 09.01am, the home currency was trading down 0.25% to 60.23 per dollar from its previous close of 60.08.
Since the beginning of this year, the rupee has gained 2.63% against the dollar, while foreign institutional investors have pumped in $9.9 billion in the local equity markets.
The yield on India’s 10-year benchmark bond was trading at 8.69%. Bond yields and prices move in opposite directions.
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