INR to USD Forex Rates Today: Rupee Loses 7 Paise against Dollar in Early Trade
Extending losses for the third day, the Rupee dropped by another 7 paise to 66.99 against the US dollar in early trade today at Interbank Foreign Exchange market as the American currency strengthened overseas. Forex dealers said fresh demand for the US currency from importers and a lower opening in the domestic equity market put pressure on the rupee.
The rupee had depreciating by 24 paise to end at 66.92 against the US dollar on Monday. The forex market remained closed yesterday on account of “Id-ul-Zuha”. Meanwhile, the benchmark BSE Sensex fell further by 30.22 points or 0.10 per cent to 28,323.32 in opening trade today.
Extending losses for the third day, the Rupee dropped by another 7 paise to 66.99 against the US dollar in early trade today at Interbank Foreign Exchange market as the American currency strengthened overseas. Forex dealers said fresh demand for the US currency from importers and a lower opening in the domestic equity market put pressure on the rupee. The rupee had depreciating by 24 paise to end at 66.92 against the US dollar on Monday. The forex market remained closed yesterday on account of “Id-ul-Zuha”. Meanwhile, the benchmark BSE Sensex fell further by 30.22 points or 0.10 per cent to 28,323.32 in opening trade today.
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CapitalStars
The Indian Share Market closed upper for the 4th straight session on Monday with benchmarks NSE Nifty breaching 8,800 range, assisted by increases in the index strong such as TCS, ONGC, ICICI Bank, Adani Port, and Tata Steel, following firm clues from Asian peers as recoil in oil rates pillowed market opinion.
ReplyDeleteThe 30-script BSE SENSEX ended at 28634.5, gain by 35.47 points or by 0.12%, and the NSE Nifty settled at 8808.4, gain by 28.55 points or by 0.33%.
However, traders stuck to a cautious way ahead of key central bank meetings present week which may offer clue over the outlook for the world economy, limiting further increases. Share Shoppe Offering Open Lowest Brokerage Share Trading Account with Good Trading Limits Available.
Equity benchmarks fell for the first time in last five trading sessions due to profit booking. The Nifty continued to struggle below 8800 level amid consolidation, weighed by index heavyweights Reliance Industries, Infosys, HDFC and ICICI Bank. capitalstars
ReplyDeleteGot good updates on Indian currency here. I always learn about market movements before trading. This helps in better management of risk and returns. To learn rich insights on stock market contact epic research .
ReplyDeleteThe domestic currency hit a low of 66.87, and is now down 12 paise at 66.83.capitalstars
ReplyDeleteThe dollar lost the race against a basket of currencies used to measure its broader strength. Experts believe that this dip was a direct fallout of the newly elected President Donald Trump's protectionist policies that haunted the G20 Summit.Forex tips
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