Rupee also strengthened amidst record high of the market, improved by 30 paise and closed

The dollar index declined by 0.19 percent to 105.87. At the same time, the prices of crude oil are also continuing to fall. These signs have helped the rupee

Rupee strengthens against dollar

Business sentiments strengthened among investors amid the weakening of the dollar in foreign markets and the rise in the domestic stock market, due to which the interbank foreign exchange market on Thursday rose against the American currency. Rupee With a gain of 30 paise, it closed at 81.63 per dollar. Marketmen said the dollar weakened in international trade following weak US economic data and signs of easing of accommodative stance by the Federal Reserve. The benefit of which has been given to the domestic currency. At the same time, the confidence of investors has increased in the stock market even from the record level.

how was today’s market

The rupee opened at 81.72 at the Interbank Foreign Exchange market. After touching a day’s high of 81.60 and a low of 81.77 during the day, the rupee finally settled 30 paise higher at 81.63 against the American currency. The rupee on Wednesday declined by 26 paise to close at 81.93 against the US dollar in the interbank foreign exchange market. Meanwhile, the dollar index, which shows the weakness or strength of the dollar against six major currencies of the world, declined by 0.19 percent to 105.87. This has benefited Rs.

Among other factors that weighed on the rupee, global oil benchmark Brent crude futures declined 0.32 per cent to $85.14 per barrel. At the same time, the 30-share Sensex of BSE closed at 62,272.68 points with a gain of 762.10 points. According to stock market data, Foreign Institutional Investors (FIIs) remained net sellers in the capital market. He sold shares worth Rs 789.86 crore on Wednesday.

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India benefits from weakness in dollar and crude

Weakness in dollar and crude is expected to benefit the Indian economy. Due to the strengthening of rupee and fall in crude oil, India’s import bill will reduce, this will not only affect the inflation rate, but will also help in strengthening the Indian treasury. If this trend continues, then there is a possibility that the retail prices of oil will decrease in the country, which will help in controlling inflation.