This means weve seen a decrease of 9.3400000000003 (0.12) over the past month. A month ago, 100 US dollars was worth 8000.34 Indian rupees.
But any negative price action below 77.580 level we may expect some downward move. If it crosses 77.707 level then we may see new highs. At this point 77.580 and 77.707 levels will act as crucial resistance. Currently 100 US dollars is equivalent to 7991 Indian rupees. Dollar is near all time high against INR, and is following an uptrend channel from last six months. Foreign portfolio inflows into the domestic equity market has also come down due to the worries over US-China trade war, said a banker. Compared to a month ago, the Indian rupee is getting stronger against the US dollar. Analysts say that trade war between China and the US is putting pressure on all the Asian currencies, but rupee is the worst hit so far. According to a PTI report, the Indian currency stands out as one of the most vulnerable and worst performing currencies in Asia with an almost 8 per cent fall in the value against the resurgent dollar bull.ĥ. On Thursday, the Indian currency plunged for the second straight session to hit a fresh closing low of 68.95, sliding by 21 paise following a panic demand for the US dollar coupled with savage capital flight worries.Ĥ. The rupee had touched an all-time low of 69.10 against the dollar on June 28. The rupee, on Friday, skidded to 69.03 against the US dollar in early deals before ending 8 paise higher at 68.87, largely tracking gains in key Asian units amid weak dollar overseas.ģ. The Nifty50 index surged 65.65 points or 0.61 per cent to trade at 10,838.30.Ģ. The S&P BSE Sensex rose 229.88 points or 0.64 per cent to trade at 35,887.74 in early morning trade.
The domestic stock markets started the week on Monday on a positive note. Here are 5 developments from the forex market:ġ. According to forex dealers, US dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth also supported the Indian currency. The rise in Indian rupee on Monday is due to increased selling of the greenback by exporters and banks, amid a higher opening of the domestic equity market. Rupee Today: The rupee slumped on Monday as the dollar extends gains to hit a five-week high after policymakers from Asia to Europe to Americas promised to keep raising interest rates. The Indian rupee on Monday strengthened by 30 paise to 68.57 against the US dollar in early trade at the forex market, reported Press Trust of India (PTI).
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