The Indian rupee extends recovery momentum in opening trades on Thursday. Rupee opened at RS 88.09 and rebounded further to a high of 87.85 so far during the day. Yesterday INR recovered 9 paise from its all-time low level to settle at 88.06 against US dollar, on positive domestic equities, softening of crude oil prices and weak US dollar index. Indian shares closed higher despite weak cues from global markets as investors grappled with rising bond yields and renewed trade uncertainty. The benchmark BSE Sensex ended the session up 409.83 points, or 0.51 percent, at 80,567.71, after hitting a low of 80,004 earlier. The broader NSE Nifty index hit an intraday low of 24,533 before reversing course to end up 135.45 points, or 0.55 percent, at 24,715.05. Meanwhile, the GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.
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