The Indian rupee up by 0.5% to 91.50 per US dollar as of 3:30 pm IST, compared to the previous close of 91.9825. Meanwhile, the Nifty 50 index provisionally ended 1.02% higher, reflecting strong investor sentiment supported by global cues and domestic fiscal clarity.
India’s financial markets showed resilience on Monday afternoon, with both currency and equity benchmarks posting gains. The rupee strengthened against the US dollar, closing at 91.50, marking a 0.5% appreciation from the previous session’s close of 91.9825. Analysts attributed the move to steady foreign inflows and supportive global conditions.
At the same time, the Nifty 50 index provisionally ended 1.02% higher, signaling renewed investor confidence after recent volatility. Gains were led by banking, IT, and consumer stocks, while broader indices also traded in positive territory. Market experts noted that clarity on fiscal consolidation measures in the Union Budget and stable global trends contributed to the upbeat sentiment.
Key highlights from the announcement include
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Indian rupee up 0.5% at 91.50 per US dollar as of 3:30 pm IST.
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Previous close stood at 91.9825.
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Nifty 50 index provisionally ended 1.02% higher.
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Banking, IT, and consumer stocks led the rally.
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Investor sentiment supported by fiscal clarity and global cues.
Industry experts emphasize that the combined strength of the rupee and equities reflects India’s economic resilience. With supportive domestic and global factors, markets are expected to maintain momentum in the near term.
Sources: Reuters, Economic Times, Business Standard