Indian currency softened, rupee fell by so much against dollar
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New Delhi (Uttam Hindu News): Share Due to the fall in the market and continuous withdrawal of foreign funds, the rupee fell by 4 paise to 83.22 against the US dollar in early trade today. Forex traders said growing concerns over global trade through the Red Sea route helped the dollar gain. Due to this, the Indian currency has been affected.
Today, the Indian currency opened at 83.19 on the Interbank Foreign Exchange and later reached 83.24 against the greenback. At the same time, the rupee later traded at 83.22 against the American currency, which is 4 paise less than the previous close. On Wednesday, the domestic currency closed at 83.18 against the dollar.
Meanwhile, the dollar index which reflects the strength of six currencies. It was trading 0.06 percent lower at 101.98 on Thursday. At the same time, global oil price benchmark Brent crude fell 0.25 percent to US $ 79.50 per barrel. Today, the 30-share BSE Sensex was trading at 70,278.43, down 227.88 points or 0.32 per cent. The broader NSE Nifty was down 117.45 points or 0.56 per cent at 21,032.70. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,322.08 crore in the equity market on Wednesday.
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