The dollar’s strength against some currencies overseas weighed on the local unit but a higher opening of the domestic equity markets capped the losses, traders said.
Foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data issued by the stock exchanges.
Yesterday, the rupee lost 11 paise to end at 68.24 against the US currency.
Meanwhile, the benchmark BSE Sensex rose by 53.85 points, or 0.15%, to 35,543.89 in opening trade today spurred by a fresh spell of buying in select blue-chip stocks like Infosys, TCS, and Sun Pharma amid mixed global cues.
Major gainers were TCS, Infosys, Sun Pharma, M&M, RIL, Wipro, HDFC Bank, Asian Paints, Kotak Bank, HDFC Ltd, Tata Motors and Yes Bank, rising by up to 1.625.
DIIs bought shares Rs 238.05 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data.
At other Asian markets, Singapore was up 0.25% and Taiwan 0.12%, while Japan’s Nikkei shed 0.33% in their early deals. Hong Kong’s Hang Seng too fell 0.41%.