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Rupee Opening: Rupee strengthens by 13 paise against US dollar, opens at Rs 77.47 per dollar – News

Rupee Opening Today: Today, a good bounce is being seen in the Indian currency rupee and the trade is open with strength in it. In early trade against the US dollar, the rupee has strengthened by 13 paise to 77.47 against yesterday’s 77.60 and opened at 77.47. This jump in rupee has come due to continuous buying of investors in the market.

How was the trade in rupees closed yesterday?
The rupee on Thursday closed 10 paise lower at 77.60 against the US currency at the foreign exchange market, despite gains in local equity markets and fall in crude oil prices. After the Interbank Foreign Currency Exchange market yesterday, it finally closed at 77.60 per dollar, down 10 paise from its previous closing price.

Rupee level on Wednesday
On Wednesday, the rupee recovered from its all-time low and closed 21 paise higher at 77.50 per dollar. Meanwhile, the dollar index, reflecting the position of the US dollar against the six major currencies, declined 0.25 per cent to 102.24. Today, there is volatility in crude oil and the crude which shows a rise in the morning is currently trading in the red zone of decline.

What currency experts have to say
Motilal Oswal Financial K Forex & Bullion & Currency Expert Gaurang Somaiya Said, “The rupee continued to trade in a limited range and volatility remained low despite the rise in domestic stock markets. Dollar strengthened against other currency after better than expected manufacturing PMI data, but today rupee also gained. Has attained.”

Reliance Securities Senior Research Analyst of Sriram Iyer “The Indian rupee weakened marginally against the dollar yesterday as there was broader weakness in other currencies in Asia. The threat of global inflation has increased the risk of more aggressive rate hikes by central banks,” it said. Today recovery is being seen in it.”

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