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Dollar Vs Rupee: Indian currency rose on the first day of the month, rupee gained so much against dollar
Dollar Vs Rupee: After the GDP data released on Thursday, there has been a rise in the stock market. Along with this, there has also been a rise in the Indian currency. Today the rupee rose by 8 paise to reach 83.29 against the dollar. The price of crude oil has fallen from the level of US $ 84 to US $ 80 per barrel.
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“Dollar Vs Rupee: Indian currency rose on the first day of the month, rupee gained so much against dollar”
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sangritoday.com
1 Dec 2023
Continued buying by foreign institutional investors has opened the Indian currency with gains. Today the rupee rose by 8 paise to reach 83.29 against the dollar. The GDP data on Thursday has given a boost to the stock market.
Forex traders said the price of crude oil has fallen from the level of US$84 to US$80 per barrel. OPEC+, a group of oil-producing countries, has not made any announcement regarding reducing production for 2024.
Today in the interbank foreign exchange market, the rupee opened strong at 83.29 against the dollar and touched a high of 83.25. It later traded at 83.29 against the greenback, registering a rise of 8 paise over its previous close. On Thursday, the rupee fell 5 paise to close at 83.37 against the dollar.
