Thursday, August 11, 2022
BusinessIs First Time Indian Rupee Against US Dollar Crossed Rs.79?

Is First Time Indian Rupee Against US Dollar Crossed Rs.79?

FII selling continues in Indian markets. Foreign institutional investors sold Rs 1278.42 crore in Indian markets on June 27

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According to the Reports First Time in the History Chart USD to INR has been crossed Rs.79 equal to 1 American Dollar. There was a sources has reports on USD to INR has been touches Rs.79 for First Time.

The rupee today witnessed a record fall against the dollar. The rupee fell to 78.84 per dollar in today’s trade, however, there was a slight improvement in it and it closed at 78.77 level. This is the lowest level ever for the rupee.

In fact, the rupee weakened so much today due to weakness in the domestic stock market and the strengthening of the US dollar. Earlier on Monday, the rupee had closed at 78.34 per dollar. In fact, the rise in crude oil prices in the international market has also become the reason for the fall in the rupee.

The rupee weakened by 18 paise against the dollar today to open at 78.52 against 78.34. Rupee has hit record low. Selling in equity market, selling by FIIs, rise in crude oil are some of the reasons which are keeping pressure on rupee.

The weakness in the rupee against the dollar has deepened. Rupee has weakened by Rs 1.04 in 4 weeks. At present, around 10:14 AM, the rupee was seen at the level of 78.65 against the dollar.

Let us inform that crude oil has again crossed $ 116. Investors are eyeing the G7’s decision on Russian oil and gas. The US security advisor has said that talks on imposing a cap on prices are in the right direction. PEC+ has lowered the market surplus target for 2022. This target has been reduced from 14 lakh BPD to 10 lakh BPD. On the other hand, the US and Iran will hold talks in Doha today.

FII selling continues in Indian markets. On June 27, foreign institutional investors sold Rs 1278.42 crore in the Indian markets. At the same time, domestic institutional investors bought Rs 1184.47 crore on this day.

If we look at the Indian stock market, today there is a break on the rise of the market for 3 days. Bad global cues have spoiled the mood of the market. There is a fall of about 350 points in the Sensex and 100 points in the Nifty. Midcap and smallcap are also seen under pressure.

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Today almost all the indices are in the red mark, the biggest fall has been seen in Media, IT, Pharma, FMCG. Real estate is also under pressure. Godred Property, Lodha, DLF are down up to 2 per cent. At present, the Sensex is seen at the level of 52,778.44 with a weakness of 382.84 points or 0.72 percent. At the same time, Nifty is seen falling 105 points or 0.65 percent around 15730.


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Updated on August 11, 2022 6:01 am

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