Asian markets were trading broadly higher on Thursday after Federal Reserve Chair Janet Yellen signalled overnight that the Fed is still looking to raise interest rates this year.
While US markets took Yellen's comments as a somewhat bearish development, Asian equity prices were bid higher on Thursday, perhaps more so in reaction to Greece passing new legislation in parliament overnight, which is seen as the first step in accepting terms of a bailout proposal. A strong majority of Greece's parliamentarians voted in favour of the bailout, which will temporarily supply Greece with desperately-needed funds to support the banking system.
The Indian market has opened in green territory. The Sensex is up 89 points or 0.3 percent at 28287.29. The Nifty is up 31.15 points or 0.4 percent at 8554.95.
The Indian rupee opened lower in early trade. It slipped 9 paisa to 63.50 per dollar against previous day's closing value of 63.41 a dollar.


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