Dollar vs Rupee Price The rupee depreciated 29 paise to close at its all-time low of 83.11 (provisional) against the US dollar on Monday due to a stronger dollar overseas and firming up crude oil prices.
Today the stock market has closed with an increase. Let us tell you that the stock market will remain closed tomorrow on the occasion of Independence Day.
Today the stock market has closed with an increase. On the other hand, the rupee has closed today with a huge fall of 29 paise against the dollar. Today the rupee closed at 83.11 (provisional). Analysts said outflow of foreign funds also impacted the local unit.
With this, the rupee weakened against the US dollar on Monday due to a strong dollar overseas and firm crude oil prices in the international markets. Tomorrow the stock market will be closed on the occasion of Independence Day.
Rupee weakened
At the Interbank Foreign Exchange , the rupee opened at 83.04 against the dollar and finally closed at 83.11 (provisional) at the end of the day. It registered a decline of 29 paise from the previous close. During the session, the local unit touched a high of 82.94 and a low of 83.11. Last week on Friday, the domestic unit had declined 16 paise to close at 82.82 against the dollar.
Anuj Chowdhary, research analyst at Sharekhan by BNP Paribas, said
Dollar index shows the strength of 6 currencies of the world. According to the dollar index, the dollar rose 0.01 percent to 102.85. Meanwhile, global oil benchmark Brent crude futures fell 0.28 per cent to USD 86.57 per barrel. Foreign institutional investors (FIIs) sold equities worth Rs 3,073.28 crore on Friday, according to exchange data.
How was the stock market
Today the stock market has closed with an increase. The stock market closed with losses for two consecutive days. This morning also the stock market opened with a decline. The 30-share BSE Sensex ended 79.27 points, or 0.12 per cent, higher at 65,401.92. The broader NSE Nifty settled 6.25 points, or 0.03 per cent, higher at 19,434.55.
