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.

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Stock Market opens higher on Wednesday with positive global cues. The BSE Sensex is up 99.36 Points at 37,390-mark, while NSE Nifty is up 27.70 points at 11,306-level in the morning hours. The domestic currency, rupee opened higher by 27 paise at 72.71 per dollar on Wednesday against previous close 72.98.

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