Indian Rupee Gains by Most in 5 Months on Stocks, RBI Dividend

-- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.The Indian rupee strengthened by the most in five months, as the country’s key equities gauges hit a record high and amid a larger-than-expected dividend payout to the government.The rupee rose as much as 0.3% to 83.

“The rupee rose as sentiment toward stocks turned positive, with the dividend helping the macro outlook,” said Dilip Parmar, currency strategist at HDFC Securities. “Markets have a more positive outlook on political stability in the country.” If there is perhaps one growth stock that's just taken over in the last five years, it's this monster of an energy stock that has more room to run. The post Check Out This Soaring Stock, up 469% in 5 Years, With More Gains Likely to Come appeared first on The Motley Fool Canada.Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indian Rupee Advances by Most in Five Months as Stocks ClimbThe Indian rupee strengthened by the most in five months, as the country’s key equities gauge hit a record high.
Source: BNNBloomberg - 🏆 83. / 50 Read more »