The Indian rupee made its biggest single-day gain since late November, closing 12 paisa up at 85.71 per dollar as the dollar index fell to a one-week low. Dollar sales by foreign banks and RBI’s control measures influenced the rupee’s movement. Key US job data is awaited for further cues.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A