The rupee strengthened by 38 paise to 90.40 against the US dollar in early trade on Thursday, driven by foreign fund inflows and suspected RBI intervention. Abundant liquidity in the banking system, with surplus liquidity near Rs 3 trillion, also supported the currency. However, elevated crude oil prices and geopolitical tensions continue to weigh on the economy.
Recent Posts
- Bajaj Finance shares rise 8% in February after falling for 3 consecutive months— Should you buy or book profits?
- Bharat Forge Q3 Results: Net profit falls 17% to ₹288 crore, interim dividend of ₹2 declared
- PSU bank stocks extend bull run: SBI, Union Bank and others rally up to 22% in 2026 so far
- HAL Q3 Results: Defence PSU stock posts 30% YoY rise in PAT to ₹1,866 crore, announces ₹35 dividend. Check details
- How to become rich: You could have own Ferrari, if you had bought Maruti shares instead Maruti 800 car in 2003