DH Latest NewsDH NEWSLatest NewsNEWSBusiness

Forex Market: Indian rupee falls against US dollar

Mumbai: Indian rupee depreciated against the US dollar in the forex market. According to market experts, the rising inflation and strengthening of the US dollar weighed upon the local currency.

At the interbank foreign exchange market, the Indian rupee opened at 79.63 against the US Currency and then  fell  to 79.70, registering a decline of 14 paise over its last close. On Thursday, the Indian rupee declined by 4 paise to close at 79.56 against the dollar.

Also Read; Indian Railways cancels 225 trains: Know how to check full list 

The  dollar index, which measures the US dollar’s strength against a basket of six currencies, fell 0.12% to 109.55. Foreign institutional investors turned net sellers in the Indian capital market as they offloaded shares worth Rs 2,290.31 crore.

shortlink

Post Your Comments


Back to top button