The rupee on Friday soared by 58 paise to finish greater than one-week excessive of 74.35 in opposition to the US greenback on easing US bond yields and constructive home equities.
“US treasury yields fell as US Federal Reserve policy-makers signalled that central bank is not in hurry to reduce its support,” stated Saif Mukadam, analysis analyst, Sharekhan by BNP Paribas.
The Sensex closed 28.35 factors, or 0.06 per cent, larger at 48,832.03. Similarly, the Nifty50 rose 36.40 factors, or 0.25 per cent, to 14,617.85. In the US, the S&P 500 and the Dow hit document highs after Morgan Stanley wrapped up bumper quarterly earnings studies from huge banks.
By 2:07 p.m. ET, the Dow Jones rose 123.08 factors, or 0.36 per cent, to 34,159 and the S&P gained 10.75 factors, or 0.26 per cent, to 4,181.
