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New Delhi:

The Indian rupee recovered from its all-time low and strengthened by 21 paise to reach 86.49 per dollar in early trade on Tuesday, January 14. The rupee has appreciated amid the fall in the American currency and softening of crude oil prices. Forex traders said that the Indian currency got support from positive inflation data and some improvement in the domestic markets, although the withdrawal of foreign capital is still at that level. But kept applying pressure.

The rupee opened at 86.57 per dollar in the interbank foreign exchange market. After initial deals, it reached 86.49 against the dollar, which shows an increase of 21 paise compared to the previous closing price.

Yesterday the rupee suffered the biggest fall in two years

Yesterday i.e. on Monday the rupee was seen rolling face down. It fell by 66 paise and closed at a new record low of 86.70 against the US dollar. This is the biggest fall in the value of rupee against dollar in two years in a single trading session. In the last two weeks, there has been a general declining trend in the rupee.

Before this, on February 6, 2023, there was a huge fall of 68 paise in the rupee in day trading. The rupee has seen a major decline of more than one rupee in the last two weeks since closing at 85.52 on December 30. The rupee had crossed 85 per dollar for the first time on December 19, 2024.

Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, stood at 109.41, down 0.37 per cent.

International standard Brent crude fell by 0.28 percent at $ 80.78 per barrel. According to stock market data, foreign institutional investors (FIIs) were selling on Monday and sold shares worth a net Rs 4,892.84 crore.


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