Oil companies' dollar bids push rupee lower even as US yields retreat
The Indian rupee weakened on Thursday as dollar demand from importers, including oil companies, outweighed the impact of a pullback in U.S. bond yields after lower-than-expected inflation renewed ...
Market opens on a firm note; Nifty above 23,300
IST, the barometer index, the S&P BSE Sensex, gained 424.55 points or 0.56% to 77,151.38. The Nifty 50 index added 127.55 points or 0.55% to 23,345.05.
Rupee may not build on recovery despite renewed Fed rate-cut hopes
The non-deliverable forwards indicated that the Indian rupee is unlikely to recover more on Thursday despite renewed hopes ...