Rupee strengthened against dollar in early trade, is trading with so much money rising
Rupee vs Dollar: Rupee strengthened against the dollar in early trade on November 9. Today the rupee increased by 5 paise to reach 83.25. The rupee opened at 83.25 on the Interbank Foreign Exchange, which is 5 paise above its previous close. Yesterday on Wednesday the rupee closed at 83.30. Know how the dollar index and crude oil futures have been so far. Read what is the full news.
The rupee is trading stronger against the dollar in early trade on Thursday, November 9. Today the rupee increased by 5 paise to reach 83.25.
The rupee opened at 83.25 on the Interbank Foreign Exchange and rose 5 paise over its previous close. Yesterday on Wednesday, the rupee had closed at the level of 83.30.
The rupee is expected to remain strong due to the ongoing support from domestic factors, which remains strong due to the promising demand scenario due to key festivals, CR Forex Advisors MD Amit Pabari told PTI. Despite ongoing withdrawals from FPIs, continued inflows into the debt market are offsetting any prevailing negative sentiment.
The dollar index fell 0.06 percent today to 105.52. Global oil benchmark Brent crude futures were trading 0.20 percent higher at US$79.70 per barrel due to a decline in oil demand.
Till the time of writing today, the Indian stock market is trading in the green after falling in early trade. Till now, Sensex is trading up by 20 points at 64,999 while Nifty is trading up by 7 points at 19,450.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 84.55 crore from the market yesterday.
