Mumbai. There is a big difference between the rupee and the dollar in the Indian and global markets and news of its rise and fall keeps coming to the fore. In the early trade today on Monday, despite the strong trend of American currency and continuous withdrawal of foreign capital, the rupee recovered from its lowest level and reached 84.38 per dollar with a rise of eight paise.Forex traders said that in the international market The local currency's recovery was supported by falling crude oil prices.
Rupee opened at 84.42 per dollar
Let us tell you that, according to the report on Monday, the rupee opened at 84.42 per dollar in the interbank foreign exchange market. After initial deals, it reached 84.38 per dollar, which shows an increase of eight paise over the previous closing price. The rupee had closed at its all-time low of 84.46 against the US dollar on Thursday. It is being told that the foreign exchange markets were closed on Friday on the occasion of Guru Nanak Jayanti. Because of this it had an impact on the market.
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What happened to the US dollar?
Let us tell you that while the rupee has seen a rise, the dollar index, which reflects the position of the US dollar against six major currencies, stood at 106.68 with an increase of 0.06 percent. International standard Brent crude stood at $ 71.40 per barrel with a gain of 0.51 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 1,849.87 crore.
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