Rupee gains 30 paise to touch monthly high
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The local unit opened at 95.58 on Friday and traded in the range of 95.47 and 95.25. A weaker dollar index at 100.7 on Friday, from 101.2 earlier, also helped boost the rupee. Also Read: Explained: Why Kospi skyrocketed 18% today after massive selloff and what’s ahead for South Korea’s 'bipolar' stock market "There seems to be a shift in strategy by the RBI, where it is intervening even as the rupee is strengthening, which further boosts the currency. Additionally, inflows in stocks and bonds also helped," said Ritesh Bhansali, deputy CEO, Mecklai Financial Services. He expects the rupee to have good support between 95.20 and 94.80, and further gains from these levels will require oil prices to go back to around $75 per barrel. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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