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Market move▼ Bearish for Indian equities
Rupee slips to 95.97/$ as dollar index edges higher
The brief
- Rupee opened at 95.87/$ and slipped to 95.97, down 3 paise from the previous close
- Dollar index rose 0.04% to 101.40
- Rupee weakness can raise import costs for Indian oil, aviation and other dollar-exposed companies
- 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
- India's forex reserves fall $14.89 billion to $766 billion