In today's early trade, the rupee declined by 47 paise to 69.82 against the US dollar. Forex dealers said the pressure on the rupee due to increased dollar demand from the importers and softening of the domestic stock markets increased the pressure on the rupee.
Rupee opens at 69.78 against dollar The rupee had climbed 25 paise to close at 69.35 against the US dollar on Thursday after the fall in last three sessions. On Friday, the currency market was closed due to Good Friday. Today the dollar index rose 0.02 percent to 97.39 compared to its major rival currencies.
Meanwhile, the BSE benchmark index Sensex was down 309.56 points or 0.79 percent to 38,830.72. NSE Nifty also fell 101.80 points or 0.87 per cent to 11,651 in the opening session.
Meanwhile, the BSE benchmark index Sensex was down 309.56 points or 0.79 percent to 38,830.72. NSE Nifty also fell 101.80 points or 0.87 per cent to 11,651 in the opening session.
Currency traders said that the rise in crude oil prices also influenced domestic currency. Crude oil international benchmark Brent crude futures was trading 2.53 percent higher at $ 73.79 a barrel. According to provisional data, foreign institutional investors (FIIs) remained net buyers with an investment of Rs 1,038.46 crore on Thursday.
For more information Best Advisory Company in Indore
Rupee opens at 69.78 against dollar The rupee had climbed 25 paise to close at 69.35 against the US dollar on Thursday after the fall in last three sessions. On Friday, the currency market was closed due to Good Friday. Today the dollar index rose 0.02 percent to 97.39 compared to its major rival currencies.
Meanwhile, the BSE benchmark index Sensex was down 309.56 points or 0.79 percent to 38,830.72. NSE Nifty also fell 101.80 points or 0.87 per cent to 11,651 in the opening session.
Meanwhile, the BSE benchmark index Sensex was down 309.56 points or 0.79 percent to 38,830.72. NSE Nifty also fell 101.80 points or 0.87 per cent to 11,651 in the opening session.
Currency traders said that the rise in crude oil prices also influenced domestic currency. Crude oil international benchmark Brent crude futures was trading 2.53 percent higher at $ 73.79 a barrel. According to provisional data, foreign institutional investors (FIIs) remained net buyers with an investment of Rs 1,038.46 crore on Thursday.
For more information Best Advisory Company in Indore
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