In the current week, there is a tremendous struggle in the global currency market. Due to this Sangam, where the dollar fluctuations are seen. At the same time, an atmosphere of decline is being seen in the second currency of the world. If you talk about the money, then it is seen to be in the second consecutive day. Friday is the fact that the rupee has not crossed the 86 level in the dollar. According to experts, a similar decline in the rupee can be seen in the coming days. In fact, there is an atmosphere of ups and downs in the dollar index. Crude oil prices are seeing a rise. The Pasas from the ARBI have decreased slightly to handle the rupee. Also, the indifference of foreign investors is still intact. Let us also tell you what kind of story the figures of fall in the currency market are telling the story.
The rupee fell 16 paise to 86.88 per dollar in early trade on Tuesday amidst the strengthening of US dollar, continuous withdrawal of foreign capital and increase in crude oil prices. According to foreign currency traders, the rise in domestic markets, however limited the rupee fall. The rupee opened at 86.83 per dollar in the Interbank Foreign Currency Exchange Market and later reached 86.88 per dollar which shows a decline of 16 paise in the previous closed price. The rupee closed at 86.72 against the US dollar with a fall of 4 paise on Monday.
Anil Kumar Bhansali, Treasury Head and Executive Director of Finrex Treasury Advisors LLP, said that the rupee fell from a high of 86.56 to 86.75 due to the demand for dollar at the end of the month, due to which the rupee was seen again on Monday. Due to the risk of emotions, the market is expected to buy dollars against the rupee. Earlier, the rupee had reached close to Rs 88 in the dollar. Even after that, the rupee is still seen to be 1.20 percent stronger than the Lower Level in the match against the dollar. According to experts, still the dollar will have to work hard to beat the rupee. At the same time, RBI will have to support a little more to handle the rupee.
Meanwhile, the dollar index, which showed the US dollar position against six major currencies, rose by 0.03 percent to 106.62. International standard Brent crude gained 0.51 percent to a price of $ 75.16 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Monday and purely sold shares worth Rs 6,286.70 crore.
