Indian rupee down 27 paise Vs dollar

Meanwhile,the Reserve Bank,in yet another step to rescue the rupee,yesterday tightened hedging rules by making it mandatory for foreign institutional investors to obtain the consent of holders of participatory notes and derivative instruments before hedging. The domestic currency had closed lower by three paise at 60.43 against the dollar in the previous session. Meanwhile,the BSE benchmark Sensex rose by 134.51 points,or 0.69 per cent,at 19,451.70 in the early trade today.

Reuters The Indian rupee was weaker in early trades on Friday as strong U.S. data raised the prospects of the Federal Reserve beginning to taper its monetary stimulus this year. The rupee was at 60.64/67 in early trades as against Thursday8217;s close Of 60.43/44. Bond yields rose 7 basis points to 8.14 percent as U.S. Treasury prices fell to a near two-year low.