NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs.
US stocks were in positive territory early, with investors weighing whether recent sharp selling may have been overdone, although trading remained choppy as it has been all week
The domestic currency weakened 43 paise to end at 86.69 against the greenback after closing at 86.26 on Tuesday
The domestic currency weakened 19 paise to open at 86.45 against the greenback after closing at 86.26 on Tuesday
Crude oil prices were trading near a four-year low as uncertainty regarding tariffs weighed on the global growth outlook
The domestic currency weakened 3 paise to open at 85.87 against the greenback after closing at 85.84 on Monday, according to Bloomberg data
The domestic currency weakened 60 paise to end at 85.84 against the greenback after closing at 85.24 on Friday
The domestic currency weakened 41 paise to open at 85.65 against the greenback after closing at 85.24 on Friday
The market was surprised with the central bank's decision to stay away from the foreign exchange market as it was an opportunity to buy dollars
The domestic currency strengthened 20 paise to close at 85.24 against the greenback after closing at 85.44 on Thursday
The domestic currency strengthened 38 paise to open at 85.06 against the greenback after closing at 85.44 on Thursday
The domestic currency strengthened 7 paise to end at 85.44 against the greenback after closing at 85.51 on Wednesday
The Trump administration slapped a 26 per cent tariff on imports from India
Details about the size and scope of the trade barriers set to come into force remain unknown, but the Washington Post reported that Trump's aides were considering a plan that would raise duties
Trump is expected to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden
Tracking the fall in the dollar index, the currency appreciated by 2.39 per cent in March, registering the best month since November 2018
The currency has appreciated by 2.39 per cent in March -- the best month since November 2018 -- tracking the fall in the dollar index
The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff
The local currency depreciated up to 85.83 per dollar during the day; however, foreign inflows supported the domestic unit, said dealers
The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data