Indian currency rose on the first day of the trading week, Rupee strengthened by so many paise against the dollar
USD/RUPEE Exchange Rate: Starting now, the second trading week of 2024 has begun. On the opening day of this trading week, the Indian currency rose in tandem with the stock market's gains. The rupee appreciated 6 paise vs the dollar at the opening of trade today. The rupee ended last week with gains as well. The green mark is being traded on the stock market.
In the second trading week of 2024, there has been an increase in the value of the Indian rupee. The rupee is currently trading quickly versus the US dollar. The Indian rupee ended the previous trading week higher. The stock market is trading at its highest level at the same moment.
Forex traders have stated that the strengthening of the US dollar and the decline in the price of crude oil have benefited the Indian rupee.
The opening rate for Indian currency in the Interbank Foreign Exchange today was 83.09. Following that, the rupee briefly traded at 83.04 against the US dollar before closing at 83.06, up 9 paise from its previous level. The rupee closed at 83.15 versus the dollar on Friday of last week.
The US dollar index, which measures the value of the US dollar relative to other major foreign currencies, rose by 0.09 percent to 102.22. Crude oil is now less volatile. It dropped 1.12% to US$77.88 per barrel.
The Nifty and Sensex are trading higher today. The NSE Nifty increased by 25.85 points, or 0.12%, to 21,736.65, while the BSE Sensex was up 73.62 points, or 0.10 per cent, at 72,099.77. At the same time, according to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 1,696.86 crore on Friday.
