Indian Rupee falls 2 paise to 83.26 against US dollar

Breaking News: The rupee fell 2 paise to 83.26 against the United States dollar in the early trade. Yes, this news is true. The dollar index gauges the greenback’s strength against the basket of the six currencies as it was being traded at 0.01% lower at 106.11. The rupee opened at 83.23 dollars as if we compared it to the last close of 83.24. This is the biggest shocking news of the current time. The Indian rupee has been depreciated by 2 paise to the US dollar 83.26 today. This news is currently viral and has sent shockwaves in the market since the early trade happened. Many people are shocked after listening to this news. Read this entire article to get aware of this news.

Indian Rupee

According to the source, the Indian rupee has appreciated by 2 paise against the US dollar of 83.26 in the early trade of 3rd November 2023, Friday.  A strong American currency in overseas markets has been recorded and also it has sustained foreign fund outflows. The currency opened at 83.23 US dollars as if we compare it to the last close which was 83.24. The dollar index has now gauged the greenback strength against the basket of a total of six currencies as it was trading at 0.01% lower at 106.11.

On 2nd November 2023, Thursday which means yesterday, the rupee ended at 83.24 against the US dollar. A lot of traders are betting that the US FED is done with high rates and also it has been analyzed that some of the reprieves are currently raising the dollar index. This has been officially claimed by the Head of Treasury and Executive Director of FInfrex Treasury Advisory LLP, Anil Kumar Bhansali. he has also said that the rupee is now indicated to remain in the similar range as the Reserve Bank of India (RBI) continuing to sell the US dollars and it has also protected the rupee from the depreciation which is beyond 83.30.

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On the other hand, the Brent crude futures, the global oil benchmark have now risen by 0.36% to $87.16 per barrel. If we take a look at the domestic equity market to the 30-share Bombay Stock Exchange (BSE) Sensex has been trading at 412.33 pints or 0.64% higher at a total of 64,493.23 whereas on the other side, the broader National Stock Exchange (NSE) Nifty has advanced at 128.90 points, 0.67% aa t total of 19,262.15. The net sellers in the capital markets were the Foreign Institutional Investors (FIIs) on 2nd November 2023, Thursday, where they sold shares which were worth Rs. 1,261.19 crore.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging