Rupee VS Dollar: Some recovery is being seen in the continuously falling Indian currency. In the last trading session i.e. on Tuesday, where the rupee closed with a gain of 7 paise in front of the dollar, today it has seen a strong jump. Today, a jump of 67 paise has been seen in the Indian rupee against a US dollar and it has come to Rs 82.14 per dollar. The rupee is trading higher today due to the slowdown in the value of the dollar.
There was a slight increase in the last trading session
In the last trading session, the rupee had closed at the level of 82.81 against the dollar and today it has seen the level of Rs 82.14 per dollar in the opening trade itself. Yesterday i.e. on Wednesday, the forex markets were closed on the occasion of Diwali Bali Pratipada. The strength seen in the rupee today is giving relief to its traders. Today the rupee is getting support in the currency market, due to which the improvement in its price is being seen. The movement of rupee is looking better today.
What currency experts have to say
The domestic currency opened at the level of 82.15 in the Interbank Foreign Currency Exchange and the slight uptrend seen on Tuesday continued even today. Currency market experts say
The rupee strengthened when the dollar index fell below the level of 110 and it managed to open with an increase. The reason behind the fall in dollar prices is being told that in the coming month i.e. November 2022, the Federal Reserve is expected to increase rates in the US less than expected and the effect of this trend is being seen on the dollar.
what is the level in dollar index today
If we look at the dollar index, it is seeing a rise of 0.06 percent and it is trading at the level of 109.76. However, for the past few days, the dollar index has limited its growth. The dollar is rising faster than many of the world’s currencies and its effect is also coming on the Indian currency rupee. The rupee had seen levels below Rs 83 per dollar in the past, after which the currency experts to the economic experts had expressed deep concern about it.
read this also
Stock Market Opening: Strong opening of the market, Nifty opened at 17771, Sensex crossed 59800