Rise in crude oil prices affected the Indian currency, Rupee opened flat against the dollar
Dollar Vs Rupee: The rise in crude oil prices affected the Indian currency on Friday. Today the rupee opened flat against the dollar. There has also been a decline in the dollar index. Let us tell you that crude oil increased by 0.52 per cent to US $ 77.01 per barrel. Even today there is a boom in the stock market.
The rupee opened flat on Friday. The reason for this is the increase in the prices of crude oil in the international market. This morning the rupee opened at 83.30 against the dollar. Regarding the Indian currency, Forex dealers say that the inflow by foreign investors and the fall in the dollar have helped in strengthening the Indian currency. At the same time, the increase in crude oil prices has affected the Indian currency.
Today in the interbank foreign exchange market, the rupee opened flat at 83.03 against the dollar. In morning trade it remained in a limited range of 83.32 and 83.29. At the same time, the dollar index, reflecting the strength of six currencies, has fallen by 0.02 per cent to 101.94. On Thursday, the US Fed did not make any change in interest rates. Along with this, he has also indicated a reduction in it till next year.
BSE Sensex rose 215.60 points or 0.31 per cent to 70,729.80 in early trade on Friday. The 50-share Nifty rose 79.55 points or 0.36 per cent to 21,259.25. Both indices have reached their intra-day highs. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 3,570.07 crore on Thursday.
