Dollar Vs Rupee: Indian currency opened with a slight rise, Rupee rose by so much against the dollar
Dollar Vs Rupee: Indian currency is trading with gains on Thursday. Today the rupee opened with an increase of 2 paise against the dollar. There has been a softening in the prices of crude oil. Today both the stock exchanges of the stock market are open with gains. Foreign investors sold shares worth Rs 306.56 crore on Wednesday.
The effect of a rise in the stock market and crude oil prices has been seen in the Indian currency. Today the rupee opened with an increase of 2 paise against the dollar. Forex dealers say that the ongoing weakness in the dollar and outflow of foreign investors has affected the rupee.
Today the rupee opened at 83.30 against the dollar in the foreign exchange market. This represents an increase of 2 paise over the previous close. On Wednesday, the Indian currency closed at 83.32.
Dollar index which reflects the strength of six currencies. The greenback was trading 0.17 percent lower at 103.74. The greenback strengthened on Wednesday after the Federal Open Market Committee (FOMC) suggested a dovish stance in Fed meeting minutes.
In the global market, Brent crude has fallen by 1.45 percent to reach $ 80.77 per barrel.
Today the Sensex has reached 66,169.10 points with a gain of 145.86 points or 0.22 percent. At the same time, Nifty has increased by 48.70 points or 0.25 percent to reach 19,860.55 points. According to exchange data, foreign investors sold equities worth Rs 306.56 crore on Wednesday.
