Indian rupee remains stable against the US dollar despite volatile markets and falling forex reserves.

The Indian rupee stayed stable at 85.79 against the US dollar on Monday, despite positive domestic equity markets. This stability was partly due to falling crude oil prices, though rising US dollar index and treasury yields kept investors cautious. The dollar index fell 0.05% to 108.74, and Brent crude dropped 0.18% to $76.37 per barrel. Foreign investors sold Rs 4,227.25 crore in Indian markets on Friday, and forex reserves fell $4.112 billion to $640.279 billion. Domestic indices Sensex and Nifty rose 0.24% and 0.25%, respectively.

3 months ago
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