Rupee good points 20 paise to 81.50 in opposition to greenback

(PTI) The rupee rose by 20 paise to 81.50 in opposition to the US foreign money in morning commerce on Wednesday following a weak greenback within the international markets.

Early losses in home inventory markets and a rebound in oil costs, nonetheless, restricted the rupee’s good points.

At the interbank international alternate, the rupee opened larger at 81.62 and rose additional to a excessive of 81.49 in morning commerce.

The rupee was buying and selling at 81.50 to a greenback at 0950 hrs. The native foreign money had closed decrease at 81.70 on Tuesday.

The US greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, slipped 0.04 per cent to 101.88.

The Brent crude was buying and selling 0.43 per cent decrease at USD 86.48 per barrel whereas the oil for the Indian basket traded down 2.69 per cent at USD 79.98 per barrel.

On the home fairness market entrance, the 30-share BSE Sensex declined by 268 factors or 0.44 per cent to 60,709.93. The broader NSE Nifty declined by 90.25 factors or 0.5 per cent to 18,028.05.

Foreign Institutional Investors (FIIs) have been web sellers within the capital market on Tuesday as they offered shares value ₹760.51 crore, in line with alternate information.

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Why does the rupee fluctuate in opposition to the greenback?

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