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After the stock market, the rupee also became weak, today it is trading by losing so much money against the dollar
Dollar vs Rupee: The rupee weakened against the dollar in its initial trade on Thursday, December 7. Due to the strengthening of the dollar in the international market, the rupee fell by 4 paise to 83.36 against the dollar this morning. Apart from this, a rise was seen in the dollar index today. The MPC meeting on repo rate has started, the decision of which is to be taken on December 8.
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“After the stock market, the rupee also became weak, today it is trading by losing so much money against the dollar”
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sangritoday.com
7 Dec 2023
On Thursday 7th December, along with the stock market, the Indian currency rupee also saw a decline. Today, due to the strength of the dollar in the international market, the rupee fell by 4 paise to 83.36 against the dollar in the morning session.
Today the rupee opened at 83.36 on the Interbank Foreign Exchange, which is 4 paise weaker than the previous close. On Wednesday, the rupee had strengthened by 5 paise to close at 83.32 against the dollar.
Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said, "Brent oil fell to US$74.63 a barrel, a six-month low, as US production hit a record high even as stockpiles declined. This should be quite positive for the rupee."
