Categories: Business

Rupee ends 20 paise lower at 75.01 per dollar


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

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…