INR gains for fifth consecutive day; RBI measures continue to support
Mumbai, Oct. 15 -- The Indian rupee logged the fifth straight session of gains on Thursday, appreciating 12 paise to close at 95.05 (provisional) against the US dollar, supported by the ongoing impact of the Reserve Bank of India's structural forex interventions. Indian shares ended Thursday's session on a buoyant note as information technology stocks extended recent gains amid an ongoing tech sell-off in global markets on concerns about the sustainability of the artificial-intelligence trade. Broader market sentiment was also supported by a rebounding rupee, declining global bond yields and lower oil prices. The BSE Sensex jumped 1,533.72 points (2.11%) to close at 74,315.61, while the NSE Nifty 50 advanced 374.65 points (1.66%) to end j...
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