Indian equities posted their best weekly rise since April, with the Nifty 50 up 2.7% driven by IT earnings, a stronger rupee and domestic investor support.
Posts tagged as “rupee”
India's central bank has introduced measures to curb speculative bets on the rupee, but analysts say fundamental pressures could push the currency toward the 100‑per‑dollar threshold by 2027.
India's benchmark indices surged on Oct 15, with the Sensex up 1,534 points and the Nifty 22,997, while the rupee strengthened and oil prices fell.
India's equity indices fell for the eighth straight week, the longest streak in a quarter‑century, while the rupee slipped 50 paise to 96.32 per dollar.
India's Sensex and Nifty 50 fell for a seventh straight week, driven by higher crude prices, rising global yields and continued foreign fund outflows.
The BSE Sensex fell 1.04% and the Nifty 50 slipped 1.19% on Tuesday, driven by rising crude prices, higher global bond yields and anticipation of the Federal Reserve meeting.