Economy
Sensex and Nifty Open Higher on Easing Oil Prices and RBI Support
Hindustan Times2h
THE BRIEF
1
Sensex and Nifty opened higher on Monday following a decline in Brent crude futures to $103 a barrel and fresh RBI measures to support the rupee.
2
The Indian rupee rose 94 paise to 95.77 against the US dollar in early trade after the central bank redirected oil companies' dollar purchases and tightened hedging rules.
3
Foreign portfolio investors sold domestic stocks worth 35.69 billion rupees on Friday, while domestic institutional investors bought net shares worth 47.43 billion rupees.