investor sentiment – The News Desk

MUMBAI: The rupee appreciated by 38 paise to 82.75 against the US dollar in early trade on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment.Forex traders said the decision of JPMorgan Chase & Co to include Indian government bonds in its benchmark emerging-market index, is expected to have far-reaching implications for India's debt market and global investors.At the interbank foreign exchange, the domestic unit opened strong at 82.75, registering a gain of 38 paise from its previous close.On Thursday, the rupee consolidated in a narrow range to settle 2 paise lower at 83.13 against the dollar.India's inclusion in a major global bond index will open doors to increased foreign investment in the nation's debt market, traders said."The inclusion of In...

Tag: investor sentiment

Rupee rises 38 paise to 82.75 against US dollar in early trade