Strength of the dollar weakened the Indian currency, rupee fell by 3 paise on the first day of the week
Rupee vs Dollar: The strength of the dollar in the global market has affected the Indian currency. The rupee opened after falling by 3 paise in Monday's trading session. Today the Indian currency came to 83.15. Whereas the stock exchanges Sensex and Nifty of the stock market are open on the green mark. Apart from this, there has also been a softening in the prices of crude oil.
The strength of the greenback in foreign markets has affected the Indian currency. Apart from this, due to the outflow of foreign funds, the rupee has gone into a limited range. On Monday, the first day of the trading week, the rupee fell by 3 paise to 83.15 against the US dollar.
According to foreign exchange dealers, the softening of crude oil prices and the rise in stock markets have stopped the fall of the rupee. Today in the interbank foreign exchange market, the rupee opened with a fall of 3 paise at 83.15. After this, the rupee remained in a tight range before trading at 83.15. On Friday last week, the rupee had closed almost flat at 83.12.
Foreign portfolio investors have sold over Rs 12,000 crore from Indian equities till October 20, 2023. The main reasons for this are the continuous increase in US bond yields and the Israel-Hamas conflict.
The dollar index rose 0.12 percent to 106.30. At the same time, today the prices of crude oil have softened. Global oil benchmark Brent crude fell 0.79 percent to US$91.43 per barrel.
After last week's decline, the stock market opened on the green mark on Monday. Today the Sensex was up 9.55 points or 0.01 percent at 65,407.17, while the Nifty was up 3.8 points or 0.02 percent at 19,546.45.
