Rupee rises 33 paise to close at 94.93 against US dollar
The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices. Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis. The IMF advocated for exchange rate flexibility in response to energy shocks affecting the Indian economy.
Key Takeaways
- The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise.
- Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices.
- Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis.
The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices. Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis. The IMF advocated for exchange rate flexibility in response to energy shocks affecting the Indian economy.
Original Publisher Attribution
This summary was curated from Economic Times.