The rupee rose 9 paise to 86.43 per dollar on Monday amidst ongoing talks on the trade agreement between India and the US. Foreign currency traders say that the rupee is seen to have a limited strength in the rupee, despite the continuous demand from the importers.
22 paise falls on Saturday
The rupee opened with a positive trend in the interbank foreign exchange market and touched a level of 86.43 against the dollar in early trade. This shows a lead of 9 paise from the closed price of the previous trading session. On Saturday, the rupee closed at 86.52 against the US dollar at 86.52. The dollar index, depicting a US dollar position against six major currencies, fell 0.03 percent to 97.61.
stock market crash
The first trading day of the week began on Monday with a decline. At around 9:45 am, BSE’s 30 -digit Sensex was trading at 81,097.42, declining 349.29 points or 0.43 percent. At the same time, the Nifty-50 was also trading at 24,745.35 with a decline of 86.60 points or 0.36 percent.
Dr. V.K. Vijaykumar says that the Nifty has seen weakness amid a stable round of recent two months due to negative news, weak performance of the IT sector and the selling of foreign institutional investors (FIIs). The Japan-US trade agreement created some positive atmosphere, but the Indo-US trade agreement is still incomplete. The direct impact of this uncertainty is visible on the perception of the market.
International standard Brent crude closed at $ 68.77 per barrel with an increase of 0.48 percent. According to the stock market data, foreign institutional investors (FIIs) were selling on Friday. He sold shares worth Rs 1,979.96 crore.
