Categories: Business

Rupee ends 3 paise higher at 74.99 per dollar

Photo: GOOGLE

Dollar Vs rupee

new Delhi. Due to the softening of the dollar and the rise in the domestic stock markets, the rupee on Thursday rose in favor of the dollar in the interbanking currency market and came down strongly to 75 levels once again. According to the data, the rupee gained three paise to close at 74.99 per dollar. Traders said the rise in domestic stock markets and the dollar's softening in overseas markets supported the rupee. However, withdrawal of foreign investors and increase in cases of corona virus infection negatively impacted the rupee. This limited the rise in the rupee.

The rupee opened at 74.94 against the US dollar, but later lost its initial momentum and stood at 74.99 per dollar according to preliminary data. This is three paise up from the previous day. On Wednesday, the rupee was at 75.02 per dollar. The rupee traded between the day's high of 74.91 per dollar and the day's low of 75.07 per dollar in turbulent trading. Meanwhile, the dollar index fell 0.02 percent to 96.40 in the basket of six major currencies.

In 2020, due to the Corona crisis, there is pressure on the rupee. So far this year, the rupee has depreciated by about 5 per cent against the dollar. With the fall, the rupee has been the most pressing currency in the Asian markets. Sentiments have worsened with the arrival of number 3 in the countries most affected by India's corona. The number of corona virus-infected cases has crossed 120 million worldwide and the death toll has crossed 5.49 lakh. In India, according to the Ministry of Health, the death toll due to the disease has increased to 21,129 and the number of infections has increased to 7,67,296.

This post was published on July 9, 2020 5:15 pm

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