Dollar vs Rupee Rate: The rupee on Wednesday appreciated by 34 paise against the American currency at 81.38 ( provisional) per dollar. The rupee opened at 81.63 at the Interbank Foreign Exchange market. It touched a high of 81.38 and a low of 81.64 during the day. At the same time, the rupee finally closed at 81.38 per dollar with a gain of 34 paise.
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The previous closing rate of Rupee against US Dollar was 81.72 per dollar.
HDFC Securities Research Analyst Dilip Parmar said the Indian rupee registered its first monthly gain in the last 11 months on the back of improving risk sentiment, lower crude oil prices and increased inflows from foreign institutional investors. Parmar said, ‘It is poised to close at the end of the month at a strength of 1.6 per cent, which will be the biggest gain since August, 2021.
Meanwhile, the dollar index, which shows the weakness or strength of the dollar against six major currencies of the world, declined by 0.29 percent to 106.51. Global oil benchmark Brent crude futures rose 2.13 per cent to $84.80 a barrel.
At the same time, the gross domestic product (GDP) fiscal deficit figures for the second quarter (April-October) and the basic industries figures for October are to be released today.
Today, the 30-share BSE Sensex rose 417.81 points to close at 63,099.65 points. This is the new record level of Sensex. According to stock market data, Foreign Institutional Investors (FIIs) remained net buyers in the capital market. He has bought shares worth Rs 1,241.57 crore on Tuesday.
(This news has not been edited by NewsBust India team. It is published directly from syndicate feed.)
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