| Date: |
14-02-2014 |
| Subject: |
Rupee rises to 62.28 per dollar ahead of wholesale inflation data |
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Mumbai: The Indian rupee on Friday opened higher ahead of wholesale price index (WPI)-based inflation data.
The domestic currency opened at 62.28 per dollar against its Thursday’s close of 62.44.
The yield on India’s 10-year benchmark bond was trading at 8.865%, compared with its Thursday’s close of 8.868%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.244, down 0.1% from its previous close of 80.244.
At 9.13am, the rupee was trading at 62.3, up 0.22% from its previous close. India’s equity benchmark BSE Sensex was trading at 20,265.13 points, up 0.36%.
On Friday, government will issue WPI inflation data for January. A Bloomberg poll showed that WPI inflation will be 5.6% in January as against 6.16% in December.
Source : livemint.com
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