Rupee ends losing run on whiff of FPI flows into stocks
The Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by modest foreign investment in local stocks and a weaker global dollar, influenced by a tepid US jobs report. While sentiment improved, traders remain watchful of geopolitical developments ahead of the market's reopening.
The Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by modest foreign investment in local stocks and a weaker global dollar, influenced by a tepid US jobs report. While sentiment improved, traders remain watchful of geopolitical developments ahead of the market's reopening.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
