Rupee falls ahead of RBI's OMO debt sale

Mumbai: The rupee weakened on Thursday after the dollar gained modestly after Federal Reserve Chairman Ben Bernanke said the central bank would be flexible about its US monetary stimulus.

Investors are looking ahead at a planned open market operation sale of 120 billion rupee from the Reserve Bank of India later in the day, in what is a key plank in its move to drain liquidity from the financial system to support the rupee.

The rupee was at 59.63/64 after closing at 59.34/35 on Wednesday.

Investors are looking ahead at a planned open market operation sale of 120 billion rupee from the Reserve Bank of India later in the day.

The most traded 8.33 per cent 2026 bond was 2 basis points higher at 8.20 per cent.

'; if( i==0 || i%2==0 ) s1 += sTemp; else s2 += sTemp; } s += ''+ adStr +'

'+ s1 +'

'+ s2 +'

'; } } document.write(s); return; } google_ad_client = 'ca-ibnlive_site_js'; //IBN_NewsArticle_Bottom google_ad_channel = "IBN_NewsArticle_Bottom"; google_ad_output = 'js'; google_max_num_ads = '4'; google_skip = '2'; //google_image_size = '728x90'; google_ad_type = 'text'; google_language = 'en'; google_encoding = 'utf8'; google_safe = 'high'; google_kw_type = 'broad'; google_ad_section = 'default'; google_page_url=document.location.href; // -->

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Source: http://ibnlive.in.com/news/rupee-opens-lower-at-5960-per-dollar/407487-7.html

iOS 7 beta 2 scottie pippen supreme court ellen page Lisa Robin Kelly Jodi Arias Jane Wicker