India Business News: The rupee slipped 1 paisa to settle at 83.13 against the US dollar on Wednesday amid massive selling in domestic equity markets and a strong greenback overseas. However, renewed foreign capital inflows and a sharp fall in crude oil prices in the international markets supported the local currency and capped the losses.
Dalal Street’s winning streak continued for the fourth straight week, driven by unabated foreign capital inflows. However, weak guidance from IT giant INFY triggered profit booking in the IT space, and price correction in Reliance ate most of the weekly gains on Friday.
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