Rupee posts best day in over five months boosted by inflows, softer dollar
equity indexes, alongside softness in the dollar and lower U.S. bond yields.
The rupee closed at 84.2875 against the U.S. dollar, up 0.2% from its previous close, its biggest single-day gain since June 3.
The currency rose to 84.2550 during the session, its highest since Nov 7.
The dollar index and Treasury yields kicked off Asia trading on the backfoot as markets reacted to U.S. President-elect Donald Trump's nomination of investor Scott Bessent for the post of Treasury secretary.
Bessent, who has spent his career in finance, is seen as a comforting choice for markets and expected to keep a steady hand on government finances.
Stock Trading
Advanced Strategies in Stock Market Mastery
By — CA Raj K Agrawal, Chartered Accountant
Stock Trading
RSI Made Easy: RSI Trading Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
A2Z of Stock Trading — Online Stock Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Technical Trading Made Easy: Online Certification Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Stock Investing Made Easy: Beginner's Stock
