Indian Rupee rose 2 paise to 83.72 against the US dollar on July 29 due to a weak US dollar.
Indian Rupee rose 2 paise to 83.72 against the US dollar on July 29, due to a weak US dollar in overseas markets. The domestic equity market also reached an all-time high with BSE Sensex increasing 355.7 points, while India's foreign exchange reserves reached $670.857B. Despite foreign fund outflows from Indian equities post-capital gains tax hike, foreign institutional investors were net buyers, purchasing shares worth ₹2,546.38 crore.
July 29, 2024
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