Rupee rises 13 paise to 95.65 against US dollar in early trade
The rupee appreciated by thirteen paise against the US dollar during early trading, driven by lower crude oil prices and optimism in the local market. Still, foreign institutional investors were net sellers, offloading equities worth Rs 576.20 crore on Monday. Additionally, the infrastructure sector experienced a slowdown, reaching its lowest output in three months during August.
Key Takeaways
- The rupee appreciated by thirteen paise against the US dollar during early trading, driven by lower crude oil prices and optimism in the local market.
- Still, foreign institutional investors were net sellers, offloading equities worth Rs 576.20 crore on Monday.
- Additionally, the infrastructure sector experienced a slowdown, reaching its lowest output in three months during August.
The rupee appreciated by thirteen paise against the US dollar during early trading, driven by lower crude oil prices and optimism in the local market. Still, foreign institutional investors were net sellers, offloading equities worth Rs 576.20 crore on Monday. Additionally, the infrastructure sector experienced a slowdown, reaching its lowest output in three months during August.
Original Publisher Attribution
This summary was curated from Economic Times.