forex market updates – rupee falls against dollars amid credit suisse chaos

the rupee It fell for the fourth consecutive day on Thursday and fell by 12 pesos to 82.77 (tentative) against the US dollar amid mixed signals in the global stock market and foreign money flows.

Traders said that the positive sentiment in the local stock market and the weakness of the dollar resisted the decline in the Indian currency.

In the interbank foreign exchange market, the domestic unit opened lower at 82.77 per dollar. It traded between 82.60 and 82.80, and settled at 82.77 (temporary) against the US currency, recording a decrease of 12 pounds against its previous close.

This is the fourth consecutive day of decline in the rupee. On Wednesday, the rupee settled at 82.65 against the US dollar.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.25 percent to 104.38.

Brent crude oil, the global benchmark Crude oil futures It rose 1.23 percent to $74.60 a barrel.

On the domestic stock market front, the BSE Sensex, which includes 30 shares, rose 78.94 points Or 0.14 percent, to 57,634.84 points, while the broader NSE Nifty index rose 13.45 points, or 0.08 percent, to 16,985.60 points.

Thursday, Asian and European stocks traded on mixed notes Against the backdrop of concerns about the health of the global banking system in the wake of the failure of banks in the United States and problems in the Major Swiss Credit Suisse.

Foreign Institutional Investors (FIIs) Net sellers remained in the local capital market on Wednesday as they unloaded shares worth Rs 1,271.25 crore, according to exchange data.