According to reports, the Indian rupee gained 26 paise against the US dollar, closing at 85.68 on Tuesday. Key highlights include:
• Rupee benefited from lower global crude oil prices and a weaker dollar.
• Foreign fund inflows and strong domestic equities supported the rupee.
• Sensex rose by 270.01 points, closing at 83,712.51, while Nifty gained 61.20 points.
• Foreign investors purchased equities worth ₹321.16 crore on Monday.
The development indicates positive market sentiment with expectations of the rupee trading between 85.30-86.00 levels on Wednesday, driven by ongoing market dynamics.
Source: Business News Today, Latest Finance News | The Hindu