Indian Rupee vs Dollar On the last day of the trading week, along with the rise in the market, there has been a rise in the rupee as well. Today, the rupee has gained 12 paise against the dollar in early trade.
The rupee had closed at 82.08 in Thursday’s session. The biggest reason for the rise in the rupee today is the weakening of the dollar in the global market.
Indian Currency vs US Dollar: On the last day of the trading week, the rupee rose by 12 paise to 81.96 against the US dollar. Today the Indian stock market is also booming. According to forex traders, firmness in crude oil prices at the international markets limited the gains in the domestic unit.
The weakness in the US dollar is being attributed to the weakness in the dollar index and investments being made by foreign investors in the Indian stock market .
Crude oil prices continue to fluctuate. Due to this also, the gain in rupee against dollar remains limited.
Trade in rupees
According to the Interbank Foreign Exchange, the rupee opened strong at 81.97 against the dollar. Then went ahead and reached 81.96. This is an increase of 12 paise over the previous close. The rupee was moving in a narrow range of 81.92-81.97 against the US currency in early trade today.
In the previous session on Thursday, the rupee had closed at 82.08 against the dollar.
The strength of the greenback can be gauged from the dollar index. It fell 0.19 percent to 99.26. Global oil benchmark Brent crude futures rose 0.11 per cent to USD 81.45 per barrel.
Indian stock market boom
In the Indian stock market, the 30-share BSE Sensex was trading 164.96 points or 0.25 per cent higher at 65,723.85. At the same time, the NSE Nifty rose 56.15 points or 0.29 percent to 19,469.90. Shares worth Rs 2,237.93 crore were bought by FIIs on Thursday.
Today, HCL Technologies, Infosys, Tech Mahindra, State Bank of India, UltraTech Cement, Tata Steel, Tata Consultancy Services, ICICI Bank and Kotak Mahindra Bank are the gainers in the Sensex pack.
