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rupee gains

After the central bank reached a decision to address the centre’s call to share its surplus reserves, the domestic stock market started Tuesday’s session on a negative note.

The S&P Bombay Stock Exchange Sensitive Index started at 35,730.77 and the NSE Nifty50 at 10,740.10.

In the morning trade, the BSE 30 traded 102.20 points or 0.29% lower at 35,672.68, while the broader Nifty50 was down 36.85 points or 0.34% to trade at 10,726.55.

Meanwhile, the Sensex settled at 35,774 and the 50-index Nifty close at 10,763 on Monday.

On the other hand, in the foreign exchange market, the Indian rupee gained 29 paise at 71.36 against the American currency on Tuesday’s early trade.

Since 4th of September, this was the highest mark for the home currency against the greenback.

The rupee gained after the result of the RBI (Reserve Bank of India) board meeting on Monday.

As compared to its previous close of 71.65 against the US dollar, the rupee rose 71.36.

(Harleen Sandhu)

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