Categories: Business

Rupee ends 3 paise higher at 75.01 per dollar


Rupee Vs dollar

new Delhi. Due to the positive trend of the domestic market, the rupee has seen limited strength against the dollar in the first trading session of the week. On Monday, the rupee rose three paise to close at 74.90 against the dollar in the inter-bank foreign exchange market. In today's trade, the rupee started with a slight weakness, however it recovered after domestic signals. At the beginning of trading in the inter-bank foreign currency exchange market, the rupee opened weaker with a gain of 3 paise against the dollar at 74.96 rupees per dollar and soon improved to strength. In the end, it was up by three paise to close at Rs 74.90 per dollar from the previous day's closing price.

Earlier on Friday, the dollar-rupee exchange rate was 74.93 rupees per dollar on Friday. According to foreign exchange traders, the rupee is trading in a limited range. While the rupee is strengthening due to a positive trend in the domestic stock market and the flow of foreign funds, the rupee is under pressure due to the strengthening of the dollar against other currencies and rising crude oil prices. The dollar index, which showed the dollar's strength against the world's six major currencies, rose 0.17 percent to 93.59 points.

In the international market, Brent crude oil futures rose 1.10 percent to USD 44.89 per barrel. Meanwhile, infection cases of Kovid-19 in the world have reached close to 20 million. The number of infected people in India has gone up from 2.2 million.

This post was published on August 11, 2020 2:12 am

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