नवीनतम
Rupee jumps 77 paise to 83.77 against USD
MUMBAI [Maha Media]: The rupee appreciated 77 paise to 83.77 against the US dollar in early trade on Friday, supported by sustained foreign fund inflows and stronger domestic data.
Forex traders said GST collections for April were robust at Rs 2.37 lakh crore, an all-time high, reflecting the health of domestic demand. Moreover, a positive trend in domestic equities driven by foreign fund inflows further boosted sentiments.
However, caution lingers, as they noted any escalation in tensions between India and Pakistan could swiftly reverse gains and pressurise the rupee, much like past geopolitical episodes.
