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Nuvama Wealth Mgmt Q1 PAT jumps 79% YoY to Rs 221 cr ICICI Bank Q1 PAT rises 15% YoY to Rs 11,059 cr Punjab & Sind Bank Q1 PAT rises 19% YoY to Rs 181 cr Bandhan Bank Q1 PAT climbs 47% to Rs 1,063 cr BHEL receives LOI for Rs 10,000 crore project from Damodar Valley Corporation Gujarat Themis' Q1 PAT falls over 25% YoY to Rs 13 crore Power Grid Q1 PAT rises 3% YoY to Rs 3,724 cr IndusInd Bank PAT rises to Rs 2,152 cr in Q1 FY25 Cipla spurts as Q1 PAT rises 18% YoY to Rs 1,178 cr Shriram Finance soars as Q1 PAT rises 18% YoY Indus Towers spurts on buyback plan MMTC Ltd leads losers in 'A' group Nova Agritech Ltd leads losers in 'B' group Volumes soar at New India Assurance Company Ltd counter Piramal Pharma Q1 net loss narrows to Rs 89 crore

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INR gains modestly but still holds above 83.70 per US dollar mark

26-Jul-24 12:36 Hrs IST

The Indian rupee edged up a bit after latest tumble. The currency fell to a fresh record low in last session amid sustained weakness in the local stocks following Union Budget. The INR dropped by 7 paise to close at an all-time low of 83.78 against the US dollar. Foreign fund outflows from Indian equities following the government's decision to hike the tax rate on capital gains weighed on the local currency. However, equities edged up today and the US dollar index stayed in red. The benchmark NIFTY50 is up from a three week low seen on the budget day and currently quotes up around 1% at 24650. INR is tracking this and currently trades at 83.72, up 6 paise on the day.

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