On Monday, the rupee depreciated by seven paise to close at 81.81 (provisional) against the US dollar. The rupee opened higher at 81.84 at the Interbank Foreign Exchange market.
On Monday, the rupee depreciated by seven paise to close at 81.81 (provisional) against the US dollar.
domestic share market The rupee depreciated by seven paise to close at 81.81 (provisional) against the US dollar at the Interbank Foreign Exchange market on Monday due to a weak trend in the domestic market and strengthening of the dollar overseas. The rupee opened higher at 81.84 at the Interbank Foreign Exchange market. in the course of business Rupee After touching a day’s high of 81.74 and a low of 81.91, it finally closed 7 paise lower at 81.81 against the American currency.
The rupee had closed down by 10 paise at 81.74 per dollar on Friday. Anuj Chowdhary, research analyst at BNP Paribas Buy Sharekhan, said weak domestic markets and a strong dollar led to the fall in the rupee. The withdrawal of foreign institutional investors has had a negative impact on the rupee.
Crude oil also declined
Meanwhile, the dollar index, showing the weakness or strength of the dollar against six major currencies of the world, rose by 0.83 per cent to 107.81. Global oil standard Brent crude futures declined 0.76 percent to $ 86.95 per barrel. At the same time, the 30-share Sensex of BSE closed at 61,144.84 points with a decline of 518.64 points.
According to stock market data, Foreign Institutional Investors (FII) remained net sellers in the capital market. He sold shares worth Rs 751.20 crore on Friday.
How does money affect your life?
Please tell that the effect of rise and fall in rupee can be seen on the life of common people. This is also being seen in the form of inflation rate in recent times. Weakness in the rupee nullifies the effect of any shortfall in the commodity imported from the international market. Because of this, it takes more time to get the benefit of the fall in crude oil, because the import bill increases due to the weakness in the rupee amid the fall in prices and this keeps the burden on the exchequer.
At the same time, the common man gets the benefit when the prices of commodities fall in the global market and the rupee becomes stronger against the dollar. Common people get relief on the inflation front only when commodity prices fall in the global market and the rupee strengthens.
(with language input)