Dollar Vs Rupee: Rupee strengthened against dollar, Indian currency opened with an increase of 8 paise.
Dollar to Rupee Rate: Rupee is showing an increase against the dollar in today's trading session. Forex traders believe that the rupee is trading higher due to the fall in the dollar and the rise in the market. Let us tell you that there has been a slight decline in the dollar index and it has reached 104.62 points.
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The rupee rose 8 paise to 82.93 against the US dollar in early trade on Thursday. Forex traders said the rupee was seen trading in a narrow range against the dollar as higher crude oil prices and a stronger US dollar lost positive domestic equity support.
Today at the interbank foreign exchange, the rupee opened at 82.98 against the dollar and touched 82.93, registering a gain of 8 paise over its previous close. On Wednesday, the rupee closed at 83.01 against the American currency.
Meanwhile, the dollar index is a basket of six currencies. According to this, the dollar fell by 0.13 percent to 104.62. Global oil benchmark Brent crude futures rose 0.37 percent to US$92.22 per barrel.
According to Anil Kumar Bhansali, head of treasury, Finrex Treasury Advisors LLP, there was a selloff in the rupee on Wednesday as oil companies continued to buy US dollars.
Today the 30-share BSE Sensex rose 189.01 points or 0.28 percent to 67,656. The broader NSE Nifty was up 61.45 points, or 0.31 percent, at 20,131.45. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,631.63 crore on Wednesday.
