Rupee Falls by 17 Paise Against Dollar: Latest exchange rate update.
Stay informed about the latest dollar-to-rupee exchange rate as the rupee depreciates by 17 paise due to foreign investor selling and market trends. Get insights into the current financial situation in India.
Dollar to Rupee Rate: The Rupee falls by 17 paise against the dollar, know what is the latest rate. The rupee fell by 17 paise on Tuesday at 83.23 against the dollar in early trade.
The reason for the fall in the value of the rupee is selling in the Indian stock market by foreign investors, the decline in the Indian market, and the strengthening of the US dollar.
Trading in rupees and dollars.
According to the Interbank Foreign Exchange, the rupee opened at 83.21 against the dollar and then touched the level of 83.23.
In this way, the rupee slipped 17 paise against the dollar. On Friday, the rupee closed at 83.06 against the dollar with a rise of 13 paise.
The Indian forex market was closed yesterday on the occasion of the birth anniversary of Mahatma Gandhi.
The dollar index rises.
The dollar index, which shows the strength of the dollar against six currencies of the world, is at the level of 107.11 points with an increase of 0.20 percent.
Brent crude future is down by 0.90 percent at $ 89.89 per barrel.
Business in the Indian market.
The stock market has been on a downturn. Sensex was trading 407.84 points or 0.62 percent lower at 65,420.57 and Nifty was trading 120.20 points or 0.61 percent lower at 19,518.10.
Foreign institutional investors (FIIs) were net sellers in the capital market on Friday, according to exchange data. Shares worth Rs 1,685.70 crore were sold on its behalf.
It was told by the Reserve Bank on Friday that in the week ending September 22, the country’s foreign exchange reserves decreased by US $ 2.335 billion to US $ 590.702 billion.
Even in the previous week, the country’s foreign exchange reserves had declined by $867 million.