Rupee Dollar Rate: Today, the rupee seems to be trading with a slight increase and after yesterday’s record fall, it is registering a slight improvement today. Today i.e. on Tuesday, the rupee has gained 20 paise against the dollar at Rs 77.24 per dollar. Today, good growth is being seen in the stock markets, which is also affecting the business of rupee.
Rupee touched record low yesterday
Today, the effect of the fall in the price of global crude has also come on the dollar and due to this the rupee has strengthened a bit. The rupee had weakened by 60 paise to 77.50 against the dollar in yesterday’s trade. Although today some improvement is being seen in it.
Rupee weakens by 115 paise in two trading sessions
The rupee had fallen to the lowest level of Rs 77.52 against the dollar in yesterday’s trade and it declined by 62 paise during intraday trading. On the basis of yesterday’s session, the rupee has weakened by 115 paise in the last two trading sessions.
Why is the rupee falling
The rupee is currently falling due to global concerns as well as domestic reasons. Not only is the fall in the stock markets behind it, the continued selling by foreign funds amid the global trend of increasing interest rates has also put pressure on the rupee. Due to the cost of crude oil and the strengthening of the dollar against other currencies, the rupee is seen in the range of weakness.
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