Mumbai There was weakness in the Indian rupee during early trading on Friday. Due to the strengthening of the US dollar in the international market and the rise in crude oil prices, the rupee opened 9 paise lower at 94.50 per dollar. However, as the trading progressed, the domestic currency made some recovery and reached the level of 94.36 per dollar.
In the interbank foreign exchange market, the rupee opened at 94.50 per dollar, while it had closed at 94.41 per dollar on Thursday. According to forex traders, the improvement in the US dollar and the rise in crude oil prices overnight put pressure on the rupee.
Meanwhile, the dollar index, which gauges the position of the US dollar against six major currencies of the world, rose 0.17 percent to 101.71. In the international market, the future price of Brent crude also increased by 2.04 percent to $ 100.30 per barrel.
Mixed trend in stock market
There was a mixed trend in the domestic stock market during early trading. BSE Sensex rose 33 points to 79,343.06, while NSE Nifty fell 52.95 points to trade at 24,477.40.
At the same time, according to stock market data, foreign institutional investors (FIIs) had made a net purchase of shares worth Rs 14,974.68 crore on Thursday.
input agency
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