A surge in the price of the Indian rupee against the US dollar. According to reports, the Indian rupee raises from 13 paise to 74.11 against the US dollar in opening trade on Thursday.
As per the foreign exchange, the Indian rupee conjectured with 74.22 against the dollar but rose higher to 74.11 which is an increment by 13 paise in comparison to its previous close. On Wednesday the rupee was estimated to be 74.24 against the US dollar.
While on the other hand, Global oil net profits fell by 0.48 per cent USD 71.90 per barrel. Further Greenback’s gauged a rise of six currencies by 0.06 per cent at 92.87. dollar index.
Meanwhile, in the domestic equity market, BSE Sensex was boasting up with 116.17 points or 0.21 per cent at 56,060.38 and NSE Nifty raised to 38.50 points or 0.23 per cent to 16,673.15.
As per the exchange data, foreign investors did not seem in the capital market on Wednesday as they dumped their shares worth Rs 1,071.83 crore.
“Jackson Hole Symposium starts today with Jerome Powell’s speech tomorrow. The market is awaiting his comments before taking the next call on market movement,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors