Rupee trades 3 paise higher at 83.30 against US dollar
US Federal Reserve to cut rates next year. While foreign fund inflows and a weak greenback in the overseas markets strengthened the local unit, a recovery in crude oil prices weighed on the sentiment, forex dealers said.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Meanwhile, Brent crude futures, the global oil benchmark, rose 0.52% to $77.01 per barrel. The domestic equity markets also gained in the early trade with the key indices touching record intra-day high levels.
The 30-share BSE Sensex jumped 492.79 points, or 0.70%, to 71,006.99, while the NSE Nifty 50 rallied 150.10 points, or 0.71%, to 21,332.80. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth ₹3,570.07 crore, according to exchange data.
Catch Live Market Updates here (With inputs from PTI) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
