dollar rupee

Rupee surges: It hits 84/$, wiping off all of the losses following Trump’s election victory.

The rupee is doing well. The currency has broken over the psychologically significant 84/$ levels and is up almost 1% daily. These levels were last observed in June 2024. With Donald Trump’s victory in the November 2024 US presidential election, the currency has now erased all losses. Strong dollar inflows and short-covering are being cited…

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Nifty rises over 23,400, Sensex jumps 300 points: An above-average monsoon forecast and other important variables contributed to today’s market surge.

Wednesday saw a strong recovery in equity indexes, with late-session buying in financial companies helping the Sensex rise more than 300 points and the Nifty close above 23,400. The volatile session saw the Sensex rise 309.40 points to close at a two-week high of 77,044.29. On its way to 23,437.20, the NSE Nifty gained 108.65…

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