Benchmark equity indices Sensex and Nifty opened higher on Friday, driven by domestic institutional buying and gains in heavyweight Reliance Industries. The 30-share BSE Sensex climbed 158.19 points to 85,346.79 in early trade. The 50-share NSE Nifty went up by 55.8 points to 26,202.35
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The rupee appreciated by 6 paise to 89.92 against the US dollar in early trade on Friday amid thin liquidity and RBI’s intervention keeping the currency range-bound. Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India
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