Dollar Vs Rupee: Indian currency softened, rupee fell by so much against dollar

Dollar Vs Rupee: On 21 December 2023 (Thursday), the rupee opened with a decline against the dollar. The reason for this decline is believed to be the outflow from foreign investors as well as the fall in the stock market. The rupee had closed flat against the dollar yesterday. Today the stock market is trading at its lowest level. Read the full news..

Dec 21, 2023 - 12:36
Dollar Vs Rupee: Indian currency softened, rupee fell by so much against dollar

Due to the fall in the stock market and continuous withdrawal of foreign funds, the rupee fell by 4 paise to 83.22 against the US dollar in early trade today. Forex traders said growing concerns over global trade through the Red Sea route helped the dollar gain. Due to this, the Indian currency has been affected.

Today, the Indian currency opened at 83.19 on the Interbank Foreign Exchange and later reached 83.24 against the greenback. At the same time, the rupee later traded at 83.22 against the American currency, which is 4 paise less than the previous close. On Wednesday, the domestic currency closed at 83.18 against the dollar.

Meanwhile, the dollar index reflects the strength of six currencies. It was trading 0.06 per cent lower at 101.98 on Thursday. At the same time, the global oil price benchmark Brent crude fell 0.25 per cent to US $ 79.50 per barrel.

Today, the 30-share BSE Sensex was trading at 70,278.43, down 227.88 points or 0.32 per cent. The broader NSE Nifty was down 117.45 points or 0.56 per cent at 21,032.70. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,322.08 crore in the equity market on Wednesday.

Muskan Kumawat Journalist & Writer