Rupee softens after record gain, closes at 86.08 to dollar, traders eye trade cues and RBI data
The rupee edged down 3 paise to 86.08 against the dollar, reversing some of the previous day's gains due to a stronger dollar and foreign fund outflows. Despite this dip, domestic equities surged, with the Sensex jumping 700 points. Investors are now awaiting key economic data, including current account figures and industrial production numbers, for further market direction.
The rupee edged down 3 paise to 86.08 against the dollar, reversing some of the previous day's gains due to a stronger dollar and foreign fund outflows. Despite this dip, domestic equities surged, with the Sensex jumping 700 points. Investors are now awaiting key economic data, including current account figures and industrial production numbers, for further market direction.
