Rupee rises 13 paise to 85.66 against US dollar as RBI cuts policy rate by 50 bps

Rupee recovered early losses, rising 13 paise to 85.66/USD after RBI’s surprise 50 bps rate cut and 100 bps CRR reduction.

RBI's policy aimed at boosting growth with liquidity support and a 3.7% inflation target for FY26.

Sensex surged over 740 points, Nifty neared 25,000; Brent crude fell to $65.

FIIs remained net sellers, offloading Rs 208 crore in equities on Thursday.