Indian stock market rebounds as rupee hits record low
after close1 source ↓written by the desknot a recommendation
- the rupee nearing
- ₹90.5 per dollar
- boosted market sentiment
- ₹75,000 crore VRR infusion
The Indian stock market rebounded on 20 Mar, led by PSU banks, IT services, and metals. Nifty opened above 23,200, with Sensex gaining nearly 1,000 points intraday. Despite the rupee nearing ₹90.5 per dollar, improved liquidity from the RBI’s ₹75,000 crore VRR infusion boosted market sentiment. Traders remain cautious amid elevated VIX and FII outflows.
Not investment advice. For informational purposes only.