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Indian equities closed lower on Monday as elevated crude oil prices, persistent foreign fund outflows and rising bond yields weighed on sentiment, offsetting the rupee’s sharp appreciation against the US dollar.The Nifty 50 fell 157.10 points, or 0.70 per cent, to close at 22,363.35, while the Sens…
The rupee rose 96 paise to 95.77 per dollar on Monday after fresh measures to curb dollar demand and speculative positions, even as banks sought relaxation of the new foreign exchange restrictions, more time for compliance and clarity on operational issues. The currency has weakened around 6.5% this year.
RBI measures: Rupee strengthens for the third straight session, appreciating 40 paise to close at 95.38 against the US dollar as central bank interventions curb excessive forex speculation and volatility.