Categories: Business

Rupee ends 20 paise lower at 75.01 per dollar

Photo: GOOGLE

Rupee Vs Dollar

new Delhi. The rupee has seen weakness against the dollar in Monday's trade. In the first trading session of the week, the rupee crossed the 75 level due to the fall in the domestic stock markets and the strengthening of the US currency. On Monday, the rupee fell 20 paise to close at 75.01 per dollar in the inter-bank foreign exchange market. At the beginning of trading in the inter-bank foreign exchange market, the rupee opened lower at Rs. 74.91 per dollar. The rupee touched a low of 15 paise during trading, during which the rupee touched a high of 74.88 against the dollar and a day's low of 75.03. The rupee closed at 75.01 per dollar at the end of trading. It was down 20 paise as compared to the closing price of the previous trading session. Earlier on Friday, the dollar-rupee exchange rate was 74.81 rupees per dollar.

Meanwhile, the dollar index, which measured the dollar's strength against six major currencies, rose 0.11 percent to 93.45. Foreign currency traders said that the rupee fell due to the withdrawal of foreign currency, the strengthening dollar, the decline in the domestic stock market and the increasing cases of Kovid-19. The global crude oil benchmark Brent crude oil futures fell 0.64 percent to USD 43.24 a barrel. Meanwhile, the number of Kovid-19 infected people in the world has crossed 1.80 crore whereas in India the number has reached 18 lakh.

This post was published on August 3, 2020 5:23 pm

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