Dollar vs Rupees: Today the rupee recorded a fall for the third consecutive day and the rupee slipped against the dollar to reach a two-month low. The rupee depreciated for the third day in a row against the dollar at the interbank foreign exchange market and closed 23 paise lower at 74.55 against the dollar at the interbank foreign exchange market amid continued rise in crude oil prices and weakness in the domestic equity market.
In the foreign exchange market, the rupee opened with a weak trend at 74.37 against the dollar. In the previous session, it had closed at Rs 74.32 per dollar. After fluctuating in the range of Rs 74.34 to 74.63 per dollar during trading, the rupee finally closed down 23 paise at 74.55 per dollar against the previous trading session. This is the weakest closing level since April 27. The rupee has depreciated by 36 paise in the last three trading sessions.
Dollar continues to strengthen
Today, the dollar index is seeing a rise for the seventh consecutive day. At this time he was at the level of 92.453 with a rise of +0.022 points. This index shows the strength of the dollar against the world’s six major currencies. Today, for the fourth consecutive day, the rise in crude oil is being seen. At this time, crude oil was trading at $ 75.73 per barrel with a rise of $ 1.11 in the international market.
Markets fall for the fourth consecutive day
On the other hand, the stock market closed with a fall for the fourth consecutive day today. Today, the 30-share index Sensex recorded a fall of 164 points and closed at the level of 52318. The 50-share index Nifty closed at the level of 15680 with a fall of 41 points. Today, out of 30 of the Sensex, 17 shares fell and 13 shares closed with a jump. According to stock market data, foreign institutional investors were net sellers in the capital market and they sold shares worth Rs 1,245.29 crore on a gross basis on Thursday.
Huge jump in gold and silver
A huge jump in the price of gold and silver was seen today amid weakness in rupee and rise in dollar. Today, gold became costlier by Rs 526 in the Delhi bullion market, while the price of silver has increased by Rs 1231. After today’s rise, the rate of gold reached Rs 46,310 per ten grams. The closing price of silver was Rs 68,654 per kg.
