Indian Markets End Mixed As Rupee Holds Steady And Nifty Gains

India’s financial markets closed with mixed signals today, as the rupee remained largely stable while equities advanced. The rupee ended at 90.6500 against the U.S. dollar, marginally weaker than its previous close of 90.6350, indicating limited volatility in currency trading.  

On the equities front, the Nifty 50 index provisionally closed 0.83% higher, driven by gains in banking, IT, and energy stocks. Investor sentiment was buoyed by strong corporate earnings and expectations of continued domestic demand resilience.  

Analysts noted that while global markets remain cautious due to geopolitical tensions and commodity price fluctuations, India’s equity market continues to attract inflows, supported by robust fundamentals and optimism around infrastructure and technology growth.  

Key highlights from the announcement include  

• Indian rupee ends little changed at 90.6500 per U.S. dollar  
• Previous close stood at 90.6350  
• Nifty 50 index provisionally ends 0.83% higher  
• Banking and IT stocks lead the rally  
• Investor optimism supported by strong earnings and domestic demand  

Market experts suggest that the rupee’s stability reflects balanced foreign exchange flows, while the equity rally highlights confidence in India’s growth trajectory.  

Sources: Reuters, Economic Times Markets, Business Standard