The Indian rupee fell three paise to close at 88.73 (provisional) against the US dollar on Friday, weighed down by the strength of the American currency and rising crude oil prices. Rebound in domestic equities following a sweeping mandate for the ruling alliance in the Bihar however, supported the rupee at lower levels. Indian shares ended higher on Friday as the NDA looked poised to make a roaring return in Bihar again. The benchmark BSE Sensex hit a low of 84,029.32 before recovering to close up 84.11 points at 84,562.78. The broader NSE Nifty index ended up 30.90 points, or 0.12 percent, at 25,910.05, after having hit a low of 25,740.80 during intraday trading. At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar. During the day, the domestic unit witnessed an intra-day low of 88.75 against the greenback.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app