Dollar to Rupee Rate: Rupee fell against the dollar for the second consecutive day, fell by 8 paise
Dollar to Rupee Rate: The trend of falling rupee against the dollar continues. Today the rupee opened at 83.19 against the dollar and soon after that it touched the level of 83.23. The dollar index indicating the position of the American currency remains at 106.07. Crude oil remains above $92 per barrel.
The rupee is under pressure against the dollar for the second consecutive day. The rupee fell 8 paise to 83.21 against the dollar in early trade on Tuesday. Selling by foreign investors and the strengthening of the American currency are believed to be the reasons behind this.
Forex traders told news agency PTI that crude oil remains above $ 92 per barrel. Due to this also, pressure is being seen on the rupee.
According to the Interbank Foreign Exchange, the rupee opened at 83.19 against the dollar and touched 83.23 soon after. After this, the rupee improved to the level of 83.21. Due to this, the rupee declined by 8 paise. On Monday, the rupee fell 19 paise and closed at 83.13.
News agency PTI reported that there may be pressure on the rupee due to rising interest rates in America and a strong dollar. The dollar index, which shows the strength of the dollar against six major currencies of the world, remains at 106.07 with an increase of 0.05 percent. Crude oil benchmark Brent crude is down 0.45 percent at 106.07 points.
In the domestic equity market, the 30-share BSE Sensex was trading at 66,007.93, down 15.76 points or 0.02 percent. NSE Nifty was down 10.55 points or 0.05 percent at 19,664.00. Shares worth Rs 2,333.03 crore were sold by FIIs on Monday.