CSS News     28-Jun-24
Indian Rupee: Adds To Recent Gains On Positive Cues From Equities

The Indian rupee is seen adding to recent gains in opening trades on Friday amid positive cues from equities. Yesterday, INR appreciated 13 paise to settle at 83.44 (provisional) against the US dollar. The benchmark S&P/BSE Sensex zoomed 568.93 points, or 0.72 percent, to close at 79,243.18 amid buying in blue-chip stocks. The broader NSE Nifty index closed at 24,044.50, up 175.70 points, or 0.74 percent, from its previous close. Meanwhile, the inclusion of India's government bonds into JPMorgan Chase & Co. emerging markets index from today is expected to open up a $1.3 trillion market to a broader range of investors. The US benchmark 10-year treasury yields stays at near two-week high above 4.3% and dollar index is quoting at 105.71, up 0.13% on the day. However, higher dollar and elevated crude oil prices above $82 per barrel could limit gains in the counter.

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