Rupee gains 40 paise to close at 82.531 against US dollar

Guwahati: The domestic markets on Friday gained while being erratic in the pre-opening sessions as a result of strong Asian stock indications. The major stock exchange indices in India had experienced losses over the previous two days.

After being turbulent till 9:20 a.m., the BSE Sensex increased by 43 points to 60,396.65, and the NSE Nifty 50 increased by 14 points to 18,012.95 on Friday.

Early on Friday, the Indian rupee increased by 40 paise to 82.531 against the US dollar.

The dollar index was at 104.847, which is up 0.03 per cent from its previous close.

The value of the US dollar in relation to a basket of foreign currencies is gauged by the US dollar index. The euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc are these six currencies (CHF).

In Asian markets, the Nikkei of Japan gained 154 points, the Hang Seng of Hong Kong gained 52 points, the Shanghai SE of China gained 6 points, and the S&P ASX gained 41 points.

In Europe, the FTSE gained 48 points and completed the day at 7,633.45, the CAC 40 was up, the Deutsche Borse was down 54 points, and Refinitiv Europe was erratic and ended the day with 1 point.

American markets were down 339 points on the Dow Jones, 153 points on the Nasdaq, 44 points on the S&P 500, and 4 points on Refinitiv United States as Asian markets started on Friday.

The major equity indices on Thursday recovered the majority of their losses and recorded hefty declines. The BSE Sensex fell 304.18 points, or 0.50 percent, to reach 60,353.27. To 17,992.15, the Nifty 50 index dropped 50.80 points, or 0.28 percent.

The India VIX, a measure of the market’s expectation of short-term volatility, dropped 1.41 percent to 14.98 on Thursday.

The minutes from the Federal Reserve’s meeting on December 13–14 were made public on Thursday, and they revealed that policymakers expect rates to remain elevated for “some time.” US manufacturing fell even more in December.

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