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Rupee surges 66 paise on RBI governor's remark, sensex up 776 points

The rupee strengthened significantly against the US dollar on Monday. RBI governor Sanjay Malhotra indicated the domestic currency was undervalued. Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee's rise. Global crude prices declined sharply, further aiding the currency's appreciation. Indian stock markets also saw a substantial jump, ending their losing streak.

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Times of IndiaLean R·2h ago
Rupee surges 66 paise on RBI governor's remark, sensex up 776 points
The rupee strengthened significantly against the US dollar on Monday. RBI governor Sanjay Malhotra indicated the domestic currency was undervalued. Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee's rise. Global crude prices declined sharply, further aiding the currency's appreciation. Indian stock markets also saw a substantial jump, ending their losing streak.
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Rupee surges 66 paise on RBI governor's remark, sensex up 776 points

How 1 sources are covering this

Rupee surges 66 paise on RBI governor's remark, sensex up 776 points

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