Mumbai, March 28, the 24 -Pes Rubia jumped to close at 85.50 per dollar in the Forex exchange market. The monthly growth in the rupee exchange rate is the highest in the past six years due to the increase in capital flow to foreign institutional investors.
In March of this year, the rupee increased by 2.17 percent, the highest since November 2018. At that time, the rupee was an increase of more than five percent.
The weakened rupee is more than two percent in the current fiscal year. On April 2, 2024, it was 83.42 against the dollar.
Foreign currencies said that Fii’s strong capital flow in the capital market provided rupee support. Foreign investors have invested more than 32,000 rupees in the last six trading sessions.
However, it has banned the weak local market and the strength of the dollar rapidly. In addition, investors also struggle with the potential economic impact of increasing global trade concerns.
Banking between banks was opened at 85.64 against Rurawi in the foreign currency exchange market. During trading, it reached 85.40 per dollar in an increase and 85.70 per dollar per bottom.
Finally, it was closed at 85.50 against the dollar, which is a height of 24 Baez from the previous band.
The rupees weakened five PAIS against the US dollar on Thursday at 85.74 per dollar.
“We are estimated that the rupee will deliberate with a positive situation because of the investment of foreign investors,” said Anuj Chaudhry, Research analyst at Mirie Aseet Satell. However, it is not expected to rise a lot due to the demand for importers and oil marketing companies (OMC) due to the demand for demand for dollars and the high crude oil prices. ‘
Chaudrey said the price of the dollar is a route that is likely to range from 85.15 to 86.70. ” ”
Meanwhile, the dollar index, which depicts the US dollar’s position against six main currencies, increased by 0.09 percent to 104.43.
Brent crude rose 0.16 percent to $ 74.15 a barrel.
In the local stock market, BSE Sensex decreased by 191.51 points to 77,414.92 points, while Nifty Nifty fell to the national stock exchange 72.60 points to close at 23,519.35 points.
According to the stock market data, foreign institutional investors (Fiis) remained clear in the capital market, and on Friday they sold shares worth 4352.82 rupees.
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