Business Desk, AnyTV, New Delhi
Published by: Vivek Das
Updated Tue, 28 Jun 2022 05:52 PM IST
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Rupee vs Dollar: The period of falling rupee against the dollar continued on Tuesday as well. On Tuesday, the rupee has fallen by 46 paise to its all-time low of Rs 78.83 per dollar.
The rupee weakened further on Wednesday due to uncertainty in the domestic equity market and a firming US dollar. Earlier, the rupee had closed at 78.34 per dollar on Monday. At the same time, in the opening trade today, it was down by 18 paise to open at 78.52 per dollar. In today’s trading, it has also crossed the important level of 78.60.
The rise in crude oil prices in the international market also became another major reason for the fall in the rupee.
The reason for the fall of rupee in the market is also the continuous selling by FIIs. Anuj Choudhary, Research Analyst, Sharekhan, says on the fall of rupee that there is an ongoing slowdown in the equity market due to the weakening of the Indian rupee. FIIs are continuously taking money out of the market, due to which the pressure on the rupee is increasing.
At the same time, in the international market, the dollar is trading at 103.95 with a jump of 0.01 percent.