By Admin 
Dollar vs Rupee: The direct effect of international tension is being seen on the Indian currency. On Monday morning, the first trading day of the week, the rupee weakened by 4 paise against the US dollar to 90.24 per dollar. Due to geopolitical uncertainties created by the US intervention in Venezuela, demand for dollars has increased, due to which there is pressure on the rupee.
Rupees weakening due to stress
According to foreign exchange traders, due to global tensions, the rupee may remain weak in the coming days. However, softening of crude oil prices may provide some relief.
On the other hand, the rupee opened at 90.21 in the interbank foreign exchange market and slipped to 90.24 in early trade. Whereas on Friday it fell by 22 paise and closed at 90.20. During this period, the dollar index, which shows the strength of the dollar against six major currencies, increased by 0.36 percent to 98.50.
stock market crash
Weakness was also seen in the domestic stock market, where the 30-point Sensex on BSE was trading 135.81 points down at 85,626.20 in early trade. Whereas, Nifty 50 on NSE also slipped 25.75 points to 26,302.80. Among the 30 Sensex companies, shares of HCL Tech, Infosys, Tech Mahindra, HDFC Bank, Tata Consultancy Services and NTPC saw the biggest decline, while shares of Bharat Electronics, Tata Steel, Axis Bank and Reliance Industries were seen trading with gains.
Talking about Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 and China’s SSE Composite index were in profit, while Hong Kong’s Hang Seng index closed with a slight decline. American stock markets closed with a positive trend on Friday, the effect of which was also visible on the global sentiment. Meanwhile, in the international market, Brent crude fell slightly by 0.08 percent and stood at $ 60.70 per barrel. According to stock market data, foreign institutional investors remained buyers on Friday and bought shares worth a net Rs 289.80 crore.
Also read: Gold price rises amid US-Venezuela tension, know how much the rate increased on January 5