Markets, Rupee open higher; RBI buys dollars to halt rupee gains

BSE Sensex opened higher, soon gaining 276 points to touch 24,397 points, presently trading at 24, 245 points. Nifty too opened higher, gaining over 65 points to touch 7268, staying currently at 7235. Rupee too opened stronger against dollar, trading presently at 58.42. This is rupee’s fresh 11 month high. The RBI has started buying dollars to halt the gains of rupee, as per sources.

Medaram Jathara

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