Indian shares rise on earnings as rupee hits record low
Indian shares rose on Thursday as earnings from Bharti Airtel and Oil India provided support. The rupee hit a record low amid elevated oil prices and outflows.
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India equity indexes edged higher on Thursday morning as corporate earnings offset a record decline in the rupee. The Nifty 50 rose 0.28% to 23,480.5 while the BSE Sensex added 0.2% to 74,757.36. Investors are balancing domestic profit growth against $23.2 billion in year-to-date foreign outflows and rising energy costs.
