Dollar Vs Rupee: Indian currency risen, Rupee jumped by so much against dollar
Dollar Vs Rupee Today: There was a continuous decline in the rupee. For the first time in this trading week, the Indian currency is trading with a rise. Due to the Red Sea disputes, the demand for dollars increased which had an impact on the Indian currency. Today the rupee is trading with an increase of 4 paise against the dollar.
Muskan 
The softening of crude 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 increase will help in lifting the rupee from the lower level. According to foreign exchange traders, the Indian currency remained under pressure amid a 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.
Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP said, "Brent oil prices fell to US$75.88 a barrel as gains were offset by concerns over oil movement in the Red Sea due to economic headwinds caused by interest rate cuts. In the US, the Dow Jones rose 25 points, while The NASDAQ and S&P 500 fell as economic shocks continued."
Meanwhile, the dollar index reflects the strength of 6 currencies. The dollar was trading 0.11 per cent lower at 102.08. Global oil price benchmark Brent crude fell 0.03 per cent 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 per cent, to 21,578.70. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 1,602.16 crore on Tuesday.
