Rupee Closes At 4-Month High, Rises 27 Paise Against Dollar: 10 Things To Know

1. At the Interbank forex market, the rupee opened higher at 69.68, and soon gathered momentum to touch a high of 69.57. The domestic unit, however, pared some gains and settled the day at 69.58 a dollar, a level not seen since August 1.
2. Sustained foreign fund inflows, easing crude oil prices and a smart recovery in domestic equity markets aided the domestic currency, traders said.
3. Globally, Brent crude, the international benchmark, was trading 1.18 per cent down at $58.81 per barrel.  
4. Bombay Stock Exchange (BSE) benchmark index Sensex ended at 36,194.30, up 23.89 points or 0.07 per cent from the previous close, and the Nifty50 index of the National Stock Exchange (NSE) edged higher by 18.05 points or 0.17 per cent to settle at 10,876.75.         
5. According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, "The rupee remained unchanged today despite dollar strength, signaling changing sentiments amongst forex speculators, a rise in FII inflows and crude stabilising below $60."
6. On net basis, foreign funds sold shares worth Rs 332.62 crore, while DIIs purchased share to the tune of Rs 1,489.65 crore on Friday, provisional data showed.
7. Meanwhile, government data released on Friday showed economic growth slowing to 7.1 per cent in the July-September period against 8.2 per cent in the June quarter, .
8. April-October fiscal deficit stood at 6.49 lakh crore or 103.9 per cent of the budgeted target for current fiscal year, according to government data. 
9. Growth rate of eight core sectors slowed to 4.8 per cent in October as against 5 per cent in the same month last year.
10. According to Reserve Bank of India (RBI) data, the country's foreign exchange reserves dropped by $795 million to $392.785 billion in the week to November 23 due to a decline in foreign currency assets. (With inputs from agencies)

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