Currency Market News: Rupee jumps 77 paise to 83.77 vs US dollar in early trade
Rupee appreciated by 77 paise to 83.77 against the US dollar in early trade on Friday, bolstered by sustained foreign fund inflows and positive domestic data. Forex traders highlighted that the Goods and Services Tax (GST) collections for April were robust, reaching an all-time high of Rs 2.37 lakh crore, indicating strong domestic demand. A positive trend in domestic equities, fuelled by foreign fund inflows, also contributed to the bullish sentiment. However, caution remains as traders noted that any escalation in tensions between India and Pakistan could reverse the rupee's...