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Indian Rupee

India’s key stock indices jumped sharply on Tuesday morning, fueled by upbeat global signals that boosted investor confidence.

Indian foreign exchange reserves continued their upward momentum, rising by USD 6.596 billion to reach USD 665.396 billion as of March 28.

Indian stock markets saw a strong rally on Tuesday, with Sensex rising 1,131.31 points to close at 75,301.26, & Nifty Crosses 22,800.

RBI Governor Shaktikanta Das says the Indian rupee is one of the world’s most stable currencies against the US dollar.

The rupee and other Asian currencies are under pressure as the dollar index rises amid speculation that the Fed may cut rates later this year

While everything was going on, the WPI increased by 0.73 percent year over year in December 2023 compared to 0.26 percent the month before, which was less than the 0.9% prediction.

President Wickremesinghe stated that we must become more open to the outside world

According to analysts, FII inflows into local equities and falling crude price failed to support the Indian currency.

Settlement in other currencies, trade between India and Malaysia can now be settled in Indian Rupee (INR)

Rupee appreciated 16 paise to close at 82.54 against the US dollar after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points on Wednesday...