Rupee falls 25 paise to close at 82.10 against US dollar
the rupee It fell by 25 baisas to close at 82.10 (tentative) against the US currency on Monday as the strength of the US currency abroad and a negative trend in local stocks affected investor sentiment.
forex traders said Fixed prices for crude oil Pull the local unit down.
In the interbank foreign exchange market, the local unit opened at 81.90 against the dollar, and finally ended the session at 82.10 (temporary), down 25 baisa from its previous closure.
During the day, the rupee saw a high of 81.87 and a low of 82.10 against the dollar.
On Thursday, the rupee settled at 81.85 against the dollar.
The iconic Apple logo is seen at the entrance to the brand’s first store in Bandra Kurla, Mumbai.
The store is located in the upscale Jio World Drive in Bandra Kurla Complex (BKC).
The store spans an area of 20,806 square feet.
The store features a range of the latest apple products, accessories and interactive game corners.
The store’s interior emulates Apple’s minimalist design philosophy with a modern flourish.
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The foreign exchange and domestic stock markets were closed on Friday on Ambedkar Jayanti.
“The Indian rupee started the week on a bad note after a long weekend amid a recovery in the dollar index and risk aversion sentiment. However, the daily trading range remained small in the absence of fresh signals,” said Dilip Parmar, Research Analyst. HDFC Securities.
There is a relief when the factory gate is inflated like The wholesale inflation read at 1.34 percent Lower than estimates of 1.6 percent and 3.85 percent in the previous month.
The USD/INR spot is hovering around 82 amid central bank intervention and buying dollars from importers, Parmar said, adding that technically, the pair has support at 81.70 and resistance at 82.50.
Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.76 percent to 101.71.
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Brent crude futures, the global oil benchmark, fell 0.12 percent to $86.21 a barrel.
On the domestic stock market front, 30-share BSE Sensex closed down 520.25 points, or 0.86 percent at 59,910.75 points. The broader NSE Nifty index fell 121.15 points, or 0.68 percent, to 17,706.85 points.
Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Thursday as they bought shares worth $221.85 crore, according to exchange data.
Meanwhile, the Reserve Bank of India said on Friday that India’s foreign exchange reserves increased by $6.306 billion to $584.755 billion for the week ending April 7.