What was the closing value of the Indian rupee on Monday?

The Indian rupee settled flat at 90.66 against the US dollar on Monday.

How did the Indian stock markets perform on Monday?

Indian equity markets showed strength, with the BSE Sensex climbing 650.39 points to 83,277.15 and the NSE Nifty rising 211.65 points to 25,682.75.

What factors influenced the Indian rupee's movement?

The rupee's movement was influenced by positive momentum in domestic equities, a strong US dollar, lower crude oil prices, and foreign fund outflows.

Home / Business and Economy / Sensex Surges 650 Points; Rupee Unchanged

Sensex Surges 650 Points; Rupee Unchanged

16 Feb

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Summary

Indian rupee closed flat at 90.66 against the US dollar.
Benchmark Sensex ended up 0.79 percent, at 83,277.15.
Wholesale prices increased more-than-expected in January.

Sensex Surges 650 Points; Rupee Unchanged

The Indian rupee concluded Monday's trading session flat, holding at 90.66 against the US dollar. This stability came as positive movements in domestic stock markets were counteracted by a strengthening US dollar globally. Lower crude oil prices offered some support to the rupee, though outflows of foreign funds capped its appreciation.

Indian equity markets demonstrated notable strength, with the benchmark BSE Sensex climbing 650.39 points to close at 83,277.15. The broader NSE Nifty also advanced, gaining 211.65 points to reach 25,682.75. These gains were achieved despite a mixed global market sentiment and ongoing declines in IT stocks due to concerns over AI-related disruptions. Investors largely disregarded official data indicating that India's wholesale prices had risen more than anticipated in January, reaching a ten-month high.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.