The story so far
Rupee Surge on RBI Measures
Tracked across 2 sources · Updated 3h ago
The RBI's forex measures, including FCNR(B) deposits, attracted $32 billion, boosting the rupee. Governor Malhotra said the rupee is undervalued; the currency rose 41-66 paise and sensex gained.
How it unfolded
7h ago
Rupee surges 66 paise, sensex up 776 points
1d ago
Rupee gains 41 paise to 96.15 on foreign inflows
1d ago
RBI forex measures draw $32 billion, mostly via FCNR(B)
What happened earlier
Latest updates
Latest
Full story →Currency Check: Rupee opens 14 paise higher against US dollar
Rupee opens 14 paise higher at 95.75 per US dollar.
Previous close was 95.89 per US dollar.
The domestic currency appreciated against the US dollar.
Earlier · 6h ago
Full story →Rupee surges 66 paise on RBI governor's remark, sensex up 776 points
Rupee closed at 95.91 against the US dollar, up 66 paise, after RBI governor Sanjay Malhotra signalled the rupee was undervalued.
Malhotra said the rupee is not overvalued and may be undervalued in nominal and REER terms.
Foreign currency inflows, particularly FCNR(B) deposits totalling nearly $32 billion, supported the rupee.
Global crude prices declined sharply, with Brent falling about 10% to below $88 per barrel.
Sensex jumped 776 points to 76,836 and Nifty surged 229 points to 23,996.