Indian currency declined on the last day of the trading week, Rupee fell by so much against the dollar
Dollar Vs Rupee: The rise in the dollar in the foreign market has affected the Indian currency. The rupee opened with a slight decline against the dollar on the last day of the trading week. The stock exchanges also opened on the red mark. On the other hand, there has been a softening of crude oil prices in the global market. Read the full news...
Today the Indian currency opened with a decline due to the strengthening of the US dollar in foreign markets. Today the stock exchange of the stock market is open on the red mark.
The rupee opened at 83.23 against the US currency in the interbank foreign exchange market after an overnight fall in crude oil prices. However, a strong US dollar and weak domestic equity markets limited the rupee's movement and the local currency fell 2 paise to 83.25 in early trade. Yesterday, on Thursday, the rupee closed at 83.23 against the dollar.
The dollar was flat at 104.35 in the US dollar index. Global oil benchmark Brent crude futures traded 0.40 percent higher at US$77.73 per barrel, recovering from overnight losses. Indian basket oil futures were down 0.85 percent at US$83.09 per barrel.
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Brent crude futures for December delivery fell as much as 5 percent to a four-month low of US$77.42 a barrel on Thursday as weak jobs data from the US heightened concerns about global oil demand.
Today the Sensex fell 94.42 points or 0.14 per cent to 65,888.06, while the Nifty fell 9.40 points or 0.05 per cent to 19,755.80. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 957.25 crore on Thursday.
