Before Market Opens: 9 essential things to know at 9 am on April 8, 2024
₹1,659.27 crore, while domestic institutional investors (DIIs) sold ₹3,370.42 crore worth of stocks on April 5, provisional data from the NSE showed. The Indian rupee will likely hold an upward bias on Monday despite a report indicating a robust U.S.
labour market that spurred a surge in U.S. Treasury yields.
Non-deliverable forwards indicate rupee will open slightly higher-to-flat to the U.S. dollar compared with 83.2950 in the previous session.
The local currency managed a turnaround on Friday, after having slipped to a record low of 83.4550 a day before that. The expectations that the central bank will not allow a big slide in the rupee alongside an abatement in dollar demand related to currency futures helped the rupee recover, traders said.Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
