Loading…
The rupee closed at 68.78 a dollar on November 28, down 0.44%, while the Sensex ended broadly flat. Overseas investors had been pulling out of India since the US election and currency overhaul, selling $2.2 billion of local shares in November.
Domestic institutions bought $2.3 billion of equities.
The rupee's slide continues to raise dollar import costs, but the day's move was small and mostly a routine market wrap. Buyers should treat it as background to the wider currency trend.
gulf-times.comBloomberg/MumbaiNov 28, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
