scorecardresearch
Friday, Jan 27, 2023
Advertisement

Markets rally 1.2% as hopes rose for a negotiated end to the Russia-Ukraine conflict

However, the rupee declined 21 paise to 75.94 against the US dollar as surging crude oil prices and fuel rate hikes by oil marketing companies fanned fears of inflation and rate hikes.

dollar vs rupee, Domestic stock markets, stock markets, global stock markets, Business news, Indian express business news, Indian express, Indian express news, Current AffairsHowever, a strong rally in the equity market cut the losses. While Asian markets gained, European shares fell as bond markets suggested pain ahead for the US economy.

Domestic stock markets on Wednesday rose by 1.2 per cent as hopes rose for a negotiated end to the Russia-Ukraine conflict. The Sensex gained 740 points to 58,683.99 and the Nifty50 shot up 173 points to 17,498.25.

However, the rupee declined 21 paise to 75.94 against the US dollar as surging crude oil prices and fuel rate hikes by oil marketing companies fanned fears of inflation and rate hikes. However, a strong rally in the equity market cut the losses. While Asian markets gained, European shares fell as bond markets suggested pain ahead for the US economy.

First published on: 31-03-2022 at 00:34 IST
Next Story

IPL 2022: Royal Challengers make heavy weather

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close