Stocks continued their upward sprint for the third straight session on Friday with benchmark Sensex galloping 255.08 points to 28,693.99 and Nifty surging 94.05 points to 8,588.25 as tumbling oil prices strengthened the case for a rate cut by the RBI next week.
Rs falls to 9-mnth low of 62.03/$
Bucking the strong trend in stocks, the rupee on Friday tumbled 16 paise to close at almost nine-month low of 62.03 against the greenback following sustained dollar demand from importers, including oil firms.
Rs falls to 9-mnth low of 62.03/$
Bucking the strong trend in stocks, the rupee on Friday tumbled 16 paise to close at almost nine-month low of 62.03 against the greenback following sustained dollar demand from importers, including oil firms.