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Dollar to Rupee Rate: Rupee opened with a decline against the dollar, recession by 4 paise
Dollar to Rupee Rate: According to the Interbank Foreign Exchange, the rupee opened at 83.22 against the dollar, after which it touched the level of 83.24. Thus, the rupee showed a decline of 4 paise as compared to yesterday's close. The dollar index, which shows the strength of the dollar against six currencies of the world, remains at 107.14 points. There has been an increase of 0.14 percent.
The rupee is witnessing a decline against the dollar in Wednesday's trading session. Due to this, the rupee has fallen by 4 paise to 83.24 against the dollar. The reason for the fall in the rupee against the dollar is the weakening of the Indian markets and the strong performance of the American currency.
Forex traders say that there is a negative trend in the Indian market due to selling by foreign investors.
According to the Interbank Foreign Exchange, the rupee opened at 83.22 against the dollar, after which it touched the level of 83.24. Thus, the rupee showed a decline of 4 paise as compared to yesterday's close.
The dollar index, which shows the strength of the dollar against six currencies of the world, remains at 107.14 points. There has been an increase of 0.14 percent. Crude oil benchmark Brent crude is down 0.11 percent at $90.82 per barrel.
The MPC meeting of RBI has started from today. In this, the decision regarding interest rates will be taken. This time it is believed that the repo rate may remain stable.
Till the time of writing the news, the 30-share BSE Sensex was trading at 65,070.59 with a decline of 441.51 points or 0.67 percent. NSE Nifty was down 126.95 points or 0.65 percent at 19,401.80.
Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, according to exchange data. A sale worth Rs 2,034.14 crore has been made on their behalf.
