After beginning off on a stronger notice, the home unit additional strengthened its place monitoring a number of optimistic elements. It traded within the vary of 71.49-71.68, earlier than settling at 71.50 a greenback, clocking a acquire of 24 paise — the most important single-day rise since October 17.
The rupee acquire was additional strengthened by weakening of greenback in opposition to the important thing rival currencies.
The greenback index, which gauges the dollar’s energy in opposition to a basket of six currencies, fell 0.01 per cent to 98.31.
International benchmark Brent crude futures, nonetheless, rose 0.05 per cent to USD 63.68 per barrel.
Globally, market sentiment improved after China’s Commerce Ministry says the lead envoys in commerce talks between Beijing and the US spoke on the telephone and agreed to proceed to work towards a preliminary settlement for resolving their tariff conflict.
Analysts stated that ranging from September, FIIs have been web traders in Indian equities for 3 consecutive months. Cumulatively, they’ve pumped in additional than Rs 36,000 crore within the final three months.
On Monday, overseas traders purchased equities price Rs 960.90 crore, provisional…