Rupee rises due to demand from weak dollar, trading up by so much in early trade
Dollar vs Rupee: Today, in early trade the rupee rose by 7 paise to reach 82.96 against the dollar. Today, the rupee rose by 6 paise to 82.97 against the US dollar at the Interbank Foreign Exchange. The rupee was trading between 82.95 and 83.02 in early trade. The rupee was trading at 82.96 against the US dollar, up 7 paise from its previous closing price.
Due to the weak dollar and continuous FPI inflow in the international market, the rupee rose by 7 paise to 82.96 against the dollar in early trade today.
At the Interbank Foreign Exchange today, the rupee opened 6 paise higher at 82.97 against the dollar. The rupee was trading between 82.95 and 83.02 in early trade. The rupee was trading at 82.96 against the US dollar, an increase of 7 paise from its previous close. Whereas on Friday the rupee had closed at 83.03.
The dollar index, which gauges the dollar's strength against six other currencies, was trading 0.08 percent lower at 102.10. Apart from this, global oil benchmark Brent crude futures increased by 0.41 percent to reach $ 76.86 per barrel.
According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 9,239.42 crore from the market on Friday. Foreign investors have invested around Rs 1.5 lakh crore in 2023. According to experts, the positive trend may continue in the next year i.e. 2024.
The stock market started on the red mark on Monday. However, now till the time of writing the news, the market is trading on the green mark. Sensex is trading up 7 points at 71,491 and Nifty is up 8 points at 21,465.
