Wednesday, October 4

Sensex has reached a high of 66,598.91 on September 8, while the Nifty index increased by 473 points, and ITC and UltraTech cement are still experiencing pressures.

The time on September 08, 2023 is 16:34.

The rupee ended its 4-day losing streak on Friday, closing 24 paise higher against the US dollar, thanks to a strong trend in domestic equities and RBI’s suspected intervention.

Additionally, the local unit appreciated after the Reserve Bank’s announcement of a phased reduction in the incremental cash reserve ratio by October 7, 2023, as per forex traders.

The local unit at the interbank foreign exchange market peaked at 83.13 against the US dollar and fluctuated between 82.91 and 93.17 during the day.

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