The gift Nifty on NSE IX was trading at 22,500, up by 74 points or 0.32 per cent, indicating that there could be a rally in the Indian stock market today.
This week, the movement of the Indian rupee will depend on the continuity of dollar inflows and how much the central bank allows the currency to strengthen, while a further decline in bond yields is anticipated. Last week, the rupee rose by 1.2% to 85.9725 per US dollar, marking its best weekly performance in two years, driven by continuous inflows through foreign banks and the unwinding of short positions on the currency.
