09-May-2025
Markets and Finance
 
Rupee gains for third straight day; forex reserves surge $15 billion
15-Mar-2025

Rupee gained for the third consecutive day on Thursday following a pick-up in factory output and corporate inflows as it outperformed most emerging market peers to close the day at 87.01 per US dollar as compared to 87.21 on Wednesday. The Index of Industrial Production (IIP) grew by 5 per cent in January as compared to 3.5 per cent in the previous month, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday showed. Easing of crude oil prices also boosted sentiment.

News Source:- https://www.business-standard.com/economy/news/rupee-gains-for-third-straight-day-forex-reserves-surge-15-billion-125031301126_1.html
 
 
 

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