💨 Abstract

The Indian rupee closed at 87.32 against the US dollar on Monday, up 5 paise, due to a weaker US dollar against major currencies. However, volatile domestic equity markets and foreign fund withdrawal restricted investor sentiment. The Reserve Bank of India conducted a USD 10 billion swap for long-term liquidity injection. The Indian manufacturing sector growth fell to a 14-month low in February.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖