The rupee closed at 83.03 on December 15, 2023, up by 27 paise over the earlier shut of 83.30. On a weekly foundation, the rupee gained 37 paise. File
| Photo Credit: Reuters
The rupee jumped by 27 paise to shut at 83.03 (provisional) against the U.S. dollar on Friday following unabated overseas fund inflows and a record-breaking rally in home stocks.
Stock markets continued their file run with the benchmark BSE Sensex breaching the brand new milestone of 71,000. Heavy shopping for by overseas buyers additionally boosted the rupee sentiment, foreign exchange sellers mentioned.
At the interbank overseas change market, the rupee opened flat at 83.30 against the dollar. After touching the day’s low of 83.32 in early commerce, the rupee reversed the losses and surged to a excessive of 82.94.
The rupee lastly closed at 83.03, up by 27 paise over the earlier shut of 83.30. On a weekly foundation, the rupee gained 37 paise.
The U.S. dollar index, which measures the dollar’s power against a basket of six currencies, was nearly flat at 101.01.
The 10-year U.S. Treasury yields fell beneath the 4% degree on Thursday following alerts by the U.S. Federal Reserve to lower charges subsequent yr. The yield had surged to 5% in October, its highest degree since 2007.
Brent crude futures, the worldwide oil benchmark, rose 0.44% to $76.94 per barrel.
Key fairness indices surged to their new all-time excessive ranges on Friday, with the Sensex breaching the historic 71,000 mark, amid bullish buyers’ sentiment due to beneficial home macroeconomic knowledge and price lower hopes subsequent yr.
The 30-share BSE Sensex jumped 969.55 factors or 1.37% to settle at its file closing excessive of 71,483.75. The Nifty climbed 273.95 factors or 1.29% to settle at its new closing excessive of 21,456.65.
Foreign Institutional Investors (FIIs) had been internet patrons within the capital market on Thursday as they purchased shares price ₹3,570.07 crore, in accordance to change knowledge.
