Categories: Business

Rupee ends 5 paise lower at 74.83 per dollar


Rupee vs dollat

new Delhi. The rupee has fallen against the dollar on Wednesday due to the weakness of the domestic stock market. In today's trade, the rupee fell by five paise to close at 74.83 per dollar against the US dollar. In today's trading, the rupee opened at 74.78 in the interbank foreign exchange market and finally traded at a weak trend and finally closed at 74.83 against the US dollar. Thus the rupee fell by five against the previous closing price of 74.78.

During the day's trade, the rupee touched an upper level of 74.77 and a low of 74.93. At the same time, the dollar index, showing the position of the dollar against the six major currencies, fell 0.03 percent to 93.59. Forex traders said the negative sentiment in the domestic stock market and weakness in the Index of Industrial Production (IIP) influenced investor sentiment. However, the inflow of foreign funds supported the rupee and limited the fall. On Tuesday, foreign institutional investors were net buyers in the capital market and bought shares worth Rs 1,014 crore on a gross basis, according to stock market data.

Currently, the highest pressure among domestic signs is the rising cases of corona virus. At present, the number of new patients continues to exceed 50 thousand. In the last 24 hours, this number was more than 60 thousand. Some relief is from the recovery rate. At present, the country's recovery rate has reached more than 70 percent. On 7 August, the total number of infected in India had crossed 2 million.

This post was published on August 12, 2020 5:06 pm

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