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Dollar Vs Rupee News: Rupee lost its strength in the first week of 2024, then rose on the last day, know how was the market? – Bollywood Keeda

Dollar Vs Rupee News: In the first trading week of the year 2024, the rupee along with the Indian stock market had a negative beginning, but in the middle of the week both saw a rise. Even on the last day of the trading week, the rupee closed with an increase of 8 paise against the dollar.

At the same time, the stock market has also closed at the highest level. Forex traders said rising crude oil prices in international markets and a stronger greenback overseas limited the local unit’s gains.

Rupee at highest level

In the interbank foreign exchange market today the local unit opened at 83.23 against the greenback. Meanwhile, the rupee oscillated between an intra-day low of 83.24 and high of 83.12 against the greenback and finally closed at 83.16. This is 8 paise more than the previous close.

Dollar index strengthened

The dollar index, which shows the strength of the US currency against the major currencies of the world, has fallen by 0.25 percent to 101.68. Crude oil is showing a rise again today and it is at US $ 78.29 per barrel with an increase of 0.90 percent.

Today the stock market has closed at the highest level. The Sensex closed at 72,026.15 with a gain of 178.58 points or 0.25 per cent. At the same time, Nifty increased by 52.20 points or 0.24 percent to reach 21,710.80 points. According to exchange data, foreign institutional investors sold shares worth Rs 1,513.41 crore on Thursday.

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