There was a discussion between the US President and the President of Ukraine to end the Russia-Ukraine war between Jailnsky. In this conversation, there was a warm between the two leaders, whose peace talks did not find any conclusion. At the same time, media institutions around the world put their views in favor of Trump and Jailonsky.
After the deterioration of this conversation, the dollar has weakened today against 6 currencies around the world, many people are considering it as the result of the warmth between Trump and Jalaneski. At the same time, due to the weakening of the dollar, there has been some strength of Indian rupee.
The rupee strengthened five paise to close at 87.32 per dollar against the US dollar on Monday in the interbank foreign currency exchange market amid the weakening of dollar abroad and softening of crude oil prices. Forex traders said that investors did not look very excited due to continuous withdrawal of unstable domestic stock markets and foreign funds.
The rupee opened at 87.36 in the Interbank Forex Exchange Market and closed at 87.32 per dollar at the end of the trading after touching the highest level of 87.25 per day and 87.41 per dollar during trading, which is five paise to a rapid price of the previous closed price.
On Friday, the rupee closed at 87.37 per dollar with a fall of 19 paise. In addition, on the domestic major economic front, a monthly survey has shown that India's manufacturing sector growth in February has come to a 14 -month low amid new orders and sluggish growth in production.
Seasonally adjusted HSBC India Manufacturing Purchase Manager Index (PMI) was 56.3 in February, which is less than 57.7 in January. Traders said that domestic currency got some support due to dollar sales and fall in crude oil prices abroad by exporters.
Anuj Chaudhary, a research analyst from Mirae Asset Sharekhan, said, there are reports of dollars sales by exporters, which also supported the rupee. However, disappointing large economic figures and FII selling pressure stopped a sharp lead.
Meanwhile, the dollar index measuring the dollar status against the world's six major currencies fell 0.57 percent to 106.95. Global oil benchmark Brent crude fell by 0.49 percent in crude futures to US $ 72.45 per barrel.
The BSE Sensex fell 112.16 points to close at 73,085.94 points in the domestic stock market, while the Nifty fell 5.40 points to 22,119.30 points. According to the stock market data, foreign institutional investors (FIIs) remained pure selling in the capital market. He purely sold shares worth Rs 4,788.29 crore on Monday.
