Categories: Business

Rupee ends 9 paise lower at 75.60 per dollar


dollar vs rupee

new Delhi. Despite the positive trend of the domestic stock market, the rupee remained under pressure on Wednesday due to rising concerns among investors due to rising cases of Kovid-19 and fell nine paise to close at 75.60 against the US dollar. The rupee opened at 75.49 against the US dollar in the interbank foreign exchange market and finally closed down nine paise.

The rupee-dollar exchange rate closed at 75.51 on Tuesday. 75.48- 75 per dollar during the four-hour trading session in the foreign exchange market.

Was in the 60s. Forex traders said that the domestic unit was supported by the local stock market, but the exit of markets from foreign funds and rising cases of Kovid-19 saw negative impact on investor confidence. Rahul Gupta, head of currency research at Emkay Global Financial Services, said that trading in the foreign currency market today was light due to mixed sentiments. There is uncertainty among traders as to which direction the dollar and rupee spot trade will go. This is why traders are looking for more signals.

Meanwhile, cases of corona virus infection have increased to over 1.04 crore worldwide, while more than 5.11 lakh people have died. According to the Ministry of Health, Kovid-19 in India has killed 17,400 people and infected more than 5.85 lakh people. Meanwhile, the futures price of Brent crude, considered the standard of the global oil market, was up 2.64 percent at $ 42.36 a barrel.

This post was published on July 1, 2020 6:10 pm

Content Team

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