Today started the day somewhat challenging for the Indian Rupee. The rupee fell 12 paise to 85.06 against the US dollar in early trade on Thursday, its lowest ever level. This situation arose due to many changes in the foreign exchange market.
Federal Reserve influence
The US Federal Reserve has adjusted its monetary policy projections for 2025. Due to this, caution has increased among investors and this has put pressure on the currencies of other emerging economies including the Indian Rupee.
market changes
Rupee opened weak in the market and soon it crossed the level of 85.00. The increasing demand for dollars by importers and withdrawal of foreign capital also contributed to this situation. Also, investor sentiment was affected due to weakness in domestic stock markets.
Dollar and other currencies
Meanwhile, the dollar index, which gauges the position of the US dollar, was up 0.01 per cent at 108.03. At the same time, the international standard Brent crude was seen trading at a price of $ 73.08 per barrel, down by 0.42 percent.
step of foreign investors
According to Indian stock market data, foreign institutional investors (FIIs) remained sellers in the market on Wednesday. He sold shares worth Rs 1,316.81 crore on net.
The recent performance of the Indian Rupee against the US Dollar is the result of several economic factors and global parameters. Its study is important for market investors.