Rupee falls 9 paise to 94.50 against US dollar in early trade
In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing...
Key Takeaways
- In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices.
- After a brief bounce-back, it peaked at 94.36.
- The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling.
In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing substantial equities, bolstering market optimism.
Original Publisher Attribution
This summary was curated from Economic Times.