Equity, Commodity, Currency Watch; Tips for traders

Indian equity benchmarks opened moderately higher on Thursday, tracking positive global cues, but soon pared gains and trade on flat line on account of heavy selling pressure gripped in most IT, pharma and FMCG stocks.

Rupee drops to 74.14 on RBI rift with Govt

Meantime, the RBI has said that it will infuse Rs 40,000 crore into the system in November by buying govt bonds by way of open market operations for maintaining liquidity in the market.