<div>The rupee, which closed at 60.37/38 on Wednesday (16 April), opens stronger at 60.27/28 sparked by dollar selling after US Fed chair's dovish comments.<br /><br />On Wednesday Janet Yellen, in her second public speech as Federal Reserve Chair, stressed the need for accommodative policy citing persistently low inflation and economic slack.<br /><br />The rupee is likely to trade in the 60.20-60.50 band for the day, traders say.<br /><br />The yen wallowed at one-week lows against the dollar early on Thursday, having eased broadly overnight as a rally in global stocks dented demand for the safe-haven currency.<br /><br />The rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic stock market by offshore investors hurt the local unit.<br /><br />Overseas investors sold Indian shares worth of Rs 446.9 million ($7.4 million) on Wednesday, provisional exchange data shows, marking their third consecutive session of outflows.<br /><br />(Reuters)<br /> </div>
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