Rupees Against Dollar : Indian Rupee breaks one paisa against the dollar, crude oil continues to rise

Posted on 28th Jun 2022 01:23 pm by rohit kumar

On Monday, the Indian rupee fell by 1 paise to its lowest level ever at 78.34 (Provisional) against the US dollar. This fall in the rupee has been seen despite the rise in the stock market on Monday.

 

Experts believe that due to the price of crude oil in the international market and foreign institutional investors withdrawing capital from the market, there is constant pressure on the rupee.

 

According to a forex dealer, the rupee remained stable despite the fall due to weakness in the rupee in the international markets. In the interbank forex market, the Indian rupee opened at Rs 78.24 against the dollar, but eventually, it slipped to $78.34. On Monday, its highest level was 78.24 while the lowest level was 78.36.

 

Let us tell you that in today's earlier session, the Indian Rupee closed at 78.33. Let us tell you that on Monday, a bullish trend has been seen in the Indian stock market. Where the climbed 433 points to close at 53161, the Nifty was successful in closing at 15832 with a gain of about 133 points. At the same time, the price of global oil benchmark Brent crude futures has increased by 0.32 percent to USD 113.48 in the international market.

 

Also Read: New Labor Code: Four days a week work, three days rest? Modi government can implement these rules from July 1

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