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Dollar Vs Rupee: Rupee weakened against dollar on the first day of the week, Indian currency opened falling by 16 paise
Dollar Vs Rupee Rate: Today the stock market opened flat. The rupee opened with a fall of 16 paise against the dollar. In the last trading week, the rupee closed at 82.94 against the dollar with a rise of 19 paise. Global crude oil prices continue to fluctuate. Today Brent crude futures rose 0.19 percent to US $ 93.45 per barrel.
The rupee fell 16 paise to 83.10 against the dollar in early trade on Monday. The reason for this is believed to be the strengthening of the dollar along with the fall in the stock market. Forex traders said the outflow of foreign funds from domestic equities and the rise in crude oil prices also weighed on the Indian currency.
Today, the Indian currency opened weak at 83.04 at the Interbank Foreign Exchange and touched a low of 83.10 against the greenback. It registers a fall of 16 paise from the previous close. On Friday, the rupee closed at 82.94 against the dollar with a rise of 19 paise.
Analysts attributed the rupee's gains to JPMorgan's announcement that it will include Indian government securities in its global bond index from June 2024, a move expected to bring inflows of US$25-30 billion into the Indian debt market.
