Rupee dollar price: The rupee rose by 33 paise to 85.05 per dollar on Monday due to Trump’s import duty on various countries to reach a 3 -year low of Dollar index at a 3 -year low. Forex traders stated that positive trends in domestic equity markets and foreign capital flows strengthened the perception of investors.Also Read: India’s foreign exchange reserves increased, $ 1.57 billion increased to $ 677.83 billion
The rupee strengthened due to change in global conditions: Traders said that due to encouraging improvement in domestic indicators and changes in global conditions, there has been a significant increase in Indian rupee in the last few business sessions, making the rupee strong while there is an atmosphere of uncertainty in major global economies. The rupee opened at 85.15 per dollar in the Interbank Forex Exchange Market and reached 85.05 against the dollar in early trade, showing a gain of 33 paise in the previous closed price. The rupee strengthened 26 paise against the US dollar on Thursday at 85.38. The foreign exchange market was closed due to ‘Good Friday’ on Friday.ALSO READ: Bounce in the country’s foreign exchange reserves, increased by $ 6.60 billion
Status of Brent crude, Sensex and NSE Nifty: Meanwhile, the dollar index, depicting the US dollar status against 6 major currencies, fell 0.92 percent to 98.31. International standard Brent crude fell 1.47 percent to $ 66.96 per barrel. The 30 -share BSE Sensex rose by 482.87 points to 79,036.07 in the domestic stock market, while NSE Nifty rose 146.85 points to 23,998.50. According to stock market data, foreign institutional investors (FIIs) on Thursday bought shares worth Rs 4,667.94 crore on a net basis. (Language)
Edited by: Ravindra Gupta
