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Dollar Vs Rupee: Indian currency rose against the dollar in the foreign exchange market, know how much it rose – Bollywood Keeda

Dollar Vs Rupee: Rupee is trading with gains in the foreign exchange market. The Indian currency closed with a decline yesterday. It is believed that the bullish trend in the stock market has affected the Indian currency. At the same time, the fall in the dollar has also led the rupee to rise.

Foreign exchange traders say that a decline in the dollar was seen on Monday. This fall had an impact on investors and led the rupee to rise. In the Interbank Foreign Exchange today the rupee opened at 83.32 and later reached 83.33. This increase represents an increase of 6 paise. Whereas yesterday the rupee had closed with a fall of 12 paise.

Investors will focus on current US home sales data and the weaker than expected figures could put pressure on the dollar. We expect USDINR (Spot) to trade sideways and bid in the range of 83.05 and 83.40.

Dollar index which shows the strength of 6 currencies. According to him, the dollar has fallen by 0.21 percent to 103.21. At the same time, Brent crude fell by 0.53 percent to $ 81.88 per barrel.

The dollar index continued its decline and fell to 103.30 and the US 10-year bond was at 4.4060 per cent. The market is waiting for the details of the FOMC meeting which can give an idea of ​​the Fed’s stance on interest rates.

Stock market boom (Dollar Vs Rupee)

Today the stock market is trading with gains. In the equity market, BSE Sensex rose 255.12 points or 0.39 percent to 65,910.27. NSE Nifty was up 80.15 points or 0.41 percent at 19,774.15. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 645.72 crore on Monday.


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