Sensex, Nifty open higher as oil eases and RBI moves to support rupee
India, Oct. 12 -- Sensex and Nifty opened higher on Monday after snapping their longest weekly losing streak in 25 years on Friday, as oil prices declined on expectations of a Russia-Ukraine energy ceasefire and the central bank announced fresh measures to support the rupee.
Rupee jumped 94 paise to 95.77 against US dollar in early trade.
GIFT Nifty futures were at 22,624.5 at 7:53 am, signalling a positive start for the Nifty 50, which closed at 22,520.45 on Friday, according to figures in a Reuters report.
Brent crude futures fell 1.6 per cent to $103 a barrel after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow, easing immed...
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