How is Rupee faring vs Dollar

Rupee held steady at 82.82 in early trends on Thursday Dollar after its previous close of 82.79 amid sharp fall in domestic equity markets and firming crude oil prices. Weakness in the US dollar against major world currencies and forex inflows supported sentiment, but fears of a recession after the US unemployment data weighed on the local currency, PTI reported.

The rupee started trading in a tight range of 82.82 and 82.77. It was trading flat at 82.79 against the US Dollar 9:50 in the morning.

Dollar The index, which measures the greenback’s strength against a basket of six currencies, fell 0.10 percent to 104.33. Global oil benchmark Brent crude futures rose 0.89 per cent to $81.70 a barrel in December on expectations of lower Russian crude exports from the Baltic region, the report said.

Foreign Institutional Investors (FIIs) bought shares 928.63 cr.

Indian stock indices Sensex and Nifty fell around 1 per cent each in early trade, in line with weaker Asian markets. The benchmark BSE Sensex closed 620.66 points down at 60,205.56 while the Nifty closed 158.55 points down at 17,968.80.

Date opening rate High Less closing rate
December 22 82.78 82.64 82.79 82.76
December 21 82.76 82.66 82.84 82.84
December 20 82.69 82.69 82.88 82.70
December 19 82.80 82.57 82.80 82.60
December 16 82.84 82.73 82.89 82.85
December 15 82.63 82.41 82.77 82.76
December 14 82.60 82.40 82.71 82.49
December 13 82.63 82.56 82.90 82.60
December 12 82.54 82.50 82.74 82.51

when the purchasing power Rupee falls, the Rupee is called depreciation. This means that in INR to USD trading, more Rupees are required to buy Dollar., The exchange rate is determined by a number of factors, including the country’s inflation rate, interest rates, and the economic and political situation.

Leave a Comment

Your email address will not be published. Required fields are marked *