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Market move● Neutral for Indian equities
Rupee gains 13 paise to close at 95.81 against the US dollar
The brief
- The rupee closed at 95.81 per US dollar, up 13 paise from its previous close
- A firmer rupee may ease import costs for Indian oil, aviation and other dollar-paying companies
- US 30-year Treasury yield tops 5.61%, highest since 2002
- Sun Pharma plans $1 billion local debt sale for loan takeout, sources say
- India-UAE target $200bn bilateral trade by 2032; commit to local currencies, payments, digital initiatives — Check here
- Rupee-dirham trade gains ground as India and UAE target $200 billion
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI