Rupees Falls 3 Paise To Close At 79.81 Against The US Dollar | NewsBust Rupees Falls 3 Paise To Close At 79.81 Against The US Dollar | NewsBust

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Rupees Falls 3 Paise To Close At 79.81 Against The US Dollar

By Amit - September 19, 2022

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On Friday, the rupee had closed at 79.78 per dollar.

New Delhi:

The exchange rate of rupee against the US dollar closed down by three paise at 79.81 on Monday. The fall came as the rupee lost its early gains with the dollar strengthening global markets. Falling crude oil prices and increased foreign fund inflows into the stock market curbed the rupee’s fall. The rupee opened at 79.70 in the interbank foreign exchange market. During trading, it went up to 79.59 in high and came down to 79.81. In the end, it closed down by three paise at 79.81 per dollar. On Friday, the rupee had closed at 79.78 per dollar.

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The dollar index, which measures the strength of the dollar against six major currencies, rose 0.26 per cent to 110.05. Global crude oil benchmark Brent crude futures fell 1.52 percent to $ 89.96 per barrel. Dilip Parmar, Research Analyst, HDFC Securities said, “The dollar strengthened against the Chinese yuan. Further weakening of the yuan will be a dangerous sign for Asian currencies.

Meanwhile, the BSE Sensex rose 300.44 points, or 0.51 per cent, to 59,141.23 while the Nifty of the National Stock Exchange rose 91.40 points, or 0.52 per cent, to end at 17,622.25. According to Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas, the Indian rupee rose on positive domestic markets and weak crude oil.

(This news has not been edited by NewsBust India team. It has been published directly from Syndicate feed.)

Amit

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