Categories: Business

Rupee ends flat at 74.83 per dollar


Rupee Vs dollar

new Delhi. In the first trading session of the week, there was no change in the closing levels of the rupee against the dollar against the previous session. The rupee remained unchanged at 74.83 against the US dollar in trade. However, in the beginning of the business, the rupee was strengthened. But due to negative signals from foreign markets, this strength came to an end by the end of the business.

The rupee opened at 74.70 per dollar at the start of rupee trading in the interbank foreign exchange market. It had an initial strength of 13 paise over the previous closing level. The rupee strengthened to a high of 74.67 during trading. But in view of the pressure in the domestic market, this increase soon ended. Due to increasing pressure, the rupee has broken down to a low of 74.90 against the dollar, ie it has seen a maximum fall of 7 paise against the previous closed level. At the end of trading, the rupee closed at the previous levels, covering both its rise and fall.

According to market experts, the sentiments of investors have been negatively impacted by the slowdown in Monday's trading in the domestic stock market and rising tension between the US and China. Domestic stock markets closed with a fall in Monday's trade. With this, the dollar index has fallen by 0.69 per cent to 93.78. In the last 5 days, the dollar index has broken more than 2 percent. The Dollar Index shows dollar performance against 6 major foreign currencies.

This post was published on July 27, 2020 4:38 pm

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