Indian Currency: Wednesday, November 26 had a great start for the Indian market. Prosperity is being seen on many fronts. On one hand, there is a stormy boom in the Indian stock market. At the same time, the prices of gold and silver are also rising rapidly in the domestic future market.
Indian Rupee is overtaking the Dollar in today’s currency ring. The weak dollar and falling crude oil prices could be the main reasons behind this rise. According to information received from market experts, further improvement in rupee value may be seen in the coming days. However, the rupee had closed with a sharp fall a day earlier.
strong movement of rupee
Leaving behind the previous day’s fall, the rupee gained two paise and reached Rs 89.20 per dollar at the beginning of the trading day on Wednesday. According to foreign exchange traders, foreign investors have expressed confidence in the Indian market today.
The effect of which is visible on the prices of rupee. Also today in the interbank foreign exchange market, the rupee opened at 89.24 per dollar, however later it slipped to 89.26. The rupee recovered initially and touched the figure of 89.20 per dollar. On Tuesday, the rupee fell by 6 paise and closed at 89.20 per dollar.
Tremendous rally in stock market
A tremendous rally is being seen in the Indian stock market on Wednesday’s trading day. At 12:40 pm, BSE Sensex is trading 884 points higher at 85,471 points. At the same time, a spectacular rise of 278 points is being seen in NSE Nifty 50. Nifty 50 is trading at the level of 26,163.
condition of foreign currencies
Amid rising rupee prices, the dollar index, which measures the strength of the dollar against six major currencies of the world, slipped 0.02 percent to 99.56.
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