By Ajay Vaishnav Sept 14, 2018 10:03:52 AM IST (Published)
The Indian rupee opened 49 paise higher against the US dollar against Wednesday's close of 72.19/S.
Indian equities opened on a strong note on Friday on positive macro and global cues and a sharp recovery in the Indian rupee.
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The Sensex surged more than 221 points to trade at 37,939, while the Nifty added nearly 74 points to trade at 11,443.50. At 9.16 am, the Sensex climbed over 332 points to trade at 38,050.30. The Nifty also jumped nearly 102 points and was trading at 11,471.80.
Better-than-expected inflation and macro-economy data amid reports of renewed hopes of US-China trade talks boosted investor sentiment. Currency market gained with the Indian rupee recovering some of the lost ground against the US dollar.