By Admin 
Rupee vs dollar: Despite the rise in crude oil prices with a slight decline in the dollar index, the Indian rupee strengthened against the dollar. The rupee strengthened 5 paise to close at 85.27 on Thursday after closing at 85.42 against the dollar on Wednesday. According to Bloomberg’s data, the rupee fell 17 paise to 85.59 against the dollar during trading during the day.
Dollar yield also declined
According to experts, after the terrorist attack in Pahalgam in Jammu and Kashmir, there was a weakness in the rupee at the beginning of the day due to increasing geopolitical tension. According to Moneycontrol report, Dilip Parmar, research analyst of HDFC Securities, says that the dollar has declined due to geopolitical uncertainty. The dollar yield has also declined. In the US, 10 year bond yield 3 basis points decreased to 4.35 percent. Meanwhile, the dollar index, depicting the US dollar position against six major currencies, fell 0.46 percent at 99.38 at 3:40 pm.
Foreign investors shop fiercely
At the global level, the hope of reducing the 240 percent tariff of Trump on China on China went into cold storage when American Treasury Secretary Scott Besant said that Trump is not going to reduce unilateral tariffs. Foreign portfolio investors continued to buy shares for the sixth consecutive day on Wednesday. Global Funds bought shares worth Rs 3,332.93 crore, which crossed the four -day purchase of Rs 21,200 crore.
Crude oil price
During this period, the price of Brent crude oil rose by 0.45 percent to $ 66.42 per barrel, while WTI crude rose 0.64 percent to $ 62.67 per barrel.
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