Dollar and rupee update news: The rupee closed at 86.12 per dollar on Thursday in the Interbank Forex Exchange Market at 86.12. The rupee’s exchange rate declined amidst the strengthening of US dollar, withdrawal of foreign capital and globally crude oil prices. Foreign currency traders said that the pressure on the rupee has also increased due to uncertainty in domestic stock markets and the results of Indo-US trade talks.
Rupee in the Interbank Forex Exchange Market opened at 85.93 against the US dollar. During the trading, it was within the range of 85.80 to 86.13 per dollar. Finally it closed at 86.12 per dollar, falling from the previous closed price by 20 paise. The rupee closed at 85.92 per dollar on Wednesday.
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Anil Kumar Bhansali, executive director of Finrex Treasury Advisors LLP, said, the rupee declined with a strong dollar index. The decline in Asian currencies did not help and the rupee reached below the 86 level…. He said, on the shoes, the rupee is expected to trade between 85.75 to 86.25 levels.
Meanwhile, the dollar index, which showed the US dollar position against six major currencies, rose 0.25 percent to 98.63. In domestic stock markets, the Sensex fell 375.24 points to 82,259.24 points while the Nifty slipped 100.60 points to close at 25,111.45 points.
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International standard Brent crude fell by 0.06 percent to $ 68.48 per barrel. According to the stock market data, foreign institutional investors (FIIs) remained pure selling in the capital market. He purely sold shares worth Rs 3,694.31 crore on Thursday. (Language)
Edited by: Chetan Gour
