The Indian rupee opened higher by 11 paise at 69.72 per dollar on Thursday versus previous close 69.83.
The government proposed to bring down its holding in state-owned banks by launching an exclusive PSU Banks ETF (Exchange Traded Fund), sometime at the end of the third quarter period of the current financial year, said a news agency report quoting sources said.
Congratulating Narendra Modi for leading the NDA to a convincing victory in the Lok Sabha elections, ASSOCHAM President B K Goenka said the second term of the government would be highly beneficial for the economy.
On Wednesday, GST Network released a demo tool for the new and simplified return filing form which is expected to be launched sometime later this year. The prototype, (that is available on webportal https://demoofflinetool.gst.gov.in) gives its stakeholders a feel of what the new return filing system will work.
Monetary Policy Committee to meet on June 3 to decide on key interest rates.
In a positive development, the US Treasury Department has removed India from its currency monitoring list of major trading partners.