By Admin 
Rupees vs dollar: While the news of ceasefire between Iran and Israel and peace in the middle East, on one hand, the global stock market is being seen in great stock market, on the other hand, the price of crude oil has also fallen rapidly. Meanwhile, the Indian rupee has started showing its strength in front of the US dollar. On Wednesday, the rupee strengthened by about 13 paise against the US dollar. After this it reached the level of 85.92 per dollar.
Rupee strengthening
Forex traders say that the increase in crude oil prices globally and the withdrawal of foreign capital, however, has limited the benefits of local currency. The rupee opened at 86.00 per dollar in the Interbank Forex Exchange Market and then reached 85.92 per dollar, which shows a gain of 13 paise from the previous closed price.
A day ago, on Tuesday, the rupee had climbed 73 paise to close at 86.05 in the highest one day in about five years. Global oil benchmark Brent crude gained 1.30 percent to $ 68.01 a barrel in crude futures trading. Meanwhile, the dollar index, which showed the US dollar status against six major currencies, stood at 97.91 with a slight gain of 0.06 percent.
Stock market boom
On Wednesday, the third trading day of the week, a 30 -digit Sensex at the BSE in the domestic stock market climbed 426.79 points to 82,481.90 during early trade. While the Nifty-50 on NSE also reached 25,167.60 points with a gain of 123.25 points. According to the stock market data, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 5,266.01 crore.
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