Nifty nears record high as rupee hits lifetime low
pre-market1 source ↓written by the desknot a recommendation
- from its all-time
- 210 points away
- against the U.S
- 89.49
- in one day
- 0.9%
- in foreign equity
- ₹1,700 cr
The Nifty is just 210 points away from its all-time high, but the rupee's plunge to 89.49 against the U.S. dollar raises concerns. The currency tumbled 0.9% in one day, leading to ₹1,700 cr in foreign equity sell-offs. Traders will closely watch if the equity rally can endure this currency storm.
Not investment advice. For informational purposes only.