Indian currency rose, rupee rose by so much against dollar
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New Delhi (Uttam Hindu News): Crude The softening of oil prices has helped the rupee gain today. In Wednesday’s trading session, the rupee rose by 4 paise to 83.28 against the dollar. This rise will help in lifting the rupee from the lower level. According to foreign exchange traders, the Indian currency remained under pressure amid negative trend in the stock market.
Today, the Indian currency opened at 83.30 at the Interbank Foreign Exchange and reached 83.28 against the greenback in early trade. It registers an increase of 4 paise from the previous close. On Tuesday, the rupee closed at 83.32 against the dollar.
Meanwhile, the dollar index which reflects the strength of 6 currencies. The dollar was trading 0.11 percent lower at 102.08. Global oil price benchmark Brent crude fell 0.03 percent to US$75.87 per barrel. Today BSE Sensex was trading at 71,542.05, down 350.43 points or 0.49 per cent. The broader NSE Nifty fell 87.10 points, or 0.4 percent, to 21,578.70. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 1,602.16 crore on Tuesday.
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