In the Interbank Forex Exchange Market, the rupee rose in the third consecutive session and on Wednesday it strengthened to 85.68 (temporary) per dollar. The rupee rose on Wednesday amidst the latest investment of foreign institutional investors and the dollar being weak.
According to Forex traders, positive domestic large economic figures increased buying in shares, which strengthened the rupee, which strengthened the rupee. He said that apart from this, the softening of crude oil prices in international markets also supported the rupee.
In the Interbank Forex market, the rupee opened at 85.66 and after touching the higher level of 85.50 and 85.72 during the day trading, it closed at 85.68 per dollar (temporary) at the end of the trading after touching a low of 85.50, which is 12 paise from its previous closed level.
In Tuesday's session, the rupee gained 30 paise to close at 85.80 against the dollar. In the last session on Friday, it increased by 58 paise. Meanwhile, the dollar index, a strong dollar index of the dollar, fell at 99.39 against the world's six major currencies at 99.39. This level was seen in March 2022.
Global oil standard Brent crude futures increased by 0.88 percent to April 2021 level at $ 65.24 per barrel. The BSE 30 -share Sensex rose 309.40 points to close at 77,044.29 points, while the National Stock Exchange's Nifty rose 108.65 points to 23,437.20 points.
According to the stock market data, foreign institutional investors (FIIs) remained pure buying in the capital market. He purely bought shares worth Rs 6,065.78 crore on Tuesday.
