๐ฅ๐๐ฝ๐ฒ๐ฒ ๐ฅ๐ฒ๐ฏ๐ผ๐๐ป๐ฑ๐ ๐ฒ๐ณ ๐ฃ๐ฎ๐ถ๐๐ฒ ๐๐ผ ๐ต๐ฑ.๐ญ๐ด ๐๐ด๐ฎ๐ถ๐ป๐๐ ๐๐ผ๐น๐น๐ฎ๐ฟ ๐ฎ๐ ๐ข๐ถ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ฎ๐น๐น
The Indian rupee gained 67 paise to close at 95.18 against the US dollar on Friday. The currency recovered after global crude oil prices fell sharply.
US President Donald Trump said a deal to end the war with Iran is nearly complete. He expects the deal to be signed over the weekend in Europe. Reports said Iran confirmed the peace deal. These developments raised expectations of an end to the conflict.
Brent crude dropped 4.25% to $86.54 per barrel.
At the interbank foreign exchange market, the rupee opened at 95.40. It moved between 94.95 and 95.53 before settling at 95.18. The rupee had fallen 60 paise to close at 95.85 on Thursday.
Analysts said the rupee jumped on higher risk appetite in global markets. US Treasury yields also fell across various periods.
Domestic stock markets posted strong gains.
- The Sensex jumped 1,695.40 points to close at 75,527.95
- The Nifty rose 461.30 points to close at 23,622.90
The dollar index fell 0.20% to 99.65.
Foreign institutional investors sold equities worth Rs 1,082.18 crore on Friday.