Dollar vs Rupee Today, the rupee is seen to be weak against the dollar. In the opening trading session, the domestic currency ie rupee has seen a decline of 31 paise against the American currency. Apart from this, today both the indices of the Indian market have also opened with a fall. There has also been an increase in the price of benchmark Brent crude.
Dollar vs Rupees: On Friday (July 28, 2023), the rupee fell by 31 paise to 82.23 against the dollar. In today’s trading session, the American currency is seeing a boom. The reason behind this is said to be heavy withdrawal of foreign funds and softening of stock markets. Also, due to the rise in crude oil, there is pressure on the rupee. The price of crude oil remains close to $84 per barrel.
Forex traders said crude prices nearing USD 84 per barrel also weighed on the rupee. At the same time, better-than-expected GDP figures from the US strengthened the American currency.
opening trade in rupee against dollar
According to the Interbank Foreign Exchange, the rupee opened weak at 82.30, then touched a high of 82.19 against the American currency. In this way, the rupee depreciated by 31 paise. The rupee closed at 81.92 against the dollar on Thursday.
The dollar index, showing the strength of the US currency, fell 0.02 percent to 101.76. The dollar index shows the dollar’s position against the world’s six major currencies. Global oil benchmark Brent crude futures were trading 0.40 per cent lower at USD 83.90 per barrel.
Indian markets also declined
Today, the 30-share BSE Sensex was trading at 66,039.38, down 227.44 points or 0.34 per cent. The NSE Nifty fell 755 points, or 0.28 per cent, to 19,604.90. Foreign institutional investors (FIIs) sold shares worth Rs 3,979.44 crore on Thursday, according to exchange data .
