The domestic currency rupee in Wednesday's trade opened lower at 69.81 against previous day's closing of 69.62, with a loss of 19 paise.

RBI conducted $5 billion USD-INR swap auction for the second time in two months and again received a good response with bids for USD 18.65 billion compared to its promise to accept bids for USD 5 billion. Ahead of the action, rupee consolidated in a range.

The yield on 10-year benchmark government bonds declined and stood at 7.4270%.

Meanwhile, Indian stock market tracking global cues opened higher S&P BSE SENSEX is trading at 38615.68 up 50.8 points or (+0.13%), while Nifty with gains of 0.22% or 25.4 points trades at 11601.35.

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