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INR Recovers Against US Dollar After Recent Volatility
Indian Rupee has bounced back from around record lows today as local stock markets edged up following a heavy intraday tumble in last session. The key equity indices extended gains and hit the day's in mid-morning trade. The Nifty traded above the 22,400 level. At 11:30 IST, the barometer index, the S&P BSE Sensex was surged 1,623.46 points or 2.26% to 73,708.60. The Nifty 50 index jumped 532.20 points or 2.43% to 22,416.70. NIFTY had tested nearly four month low as markets were rattled by outcome in Lok Sabha elections 2024.