By Admin 
Rupee vs dollar: Amid the peace coming after ceasefire in West Asia, the Indian rupee has been seeing a continuous rise in recent times. The strong investment of foreign institutional investors and the positive sentiments of the domestock stock market strengthened the rupee on the last business day of the week i.e. Friday and 23 paise. After this, the Indian rupee reached 85.49 level compared to the US dollar.
Foreign currency traders say that due to the rise in crude oil prices globally, the rapid increase in local currency has reduced slightly.
Rupee strengthening
In the interbacking foreign currency exchange market, the rupee opened at 85.50 against the dollar. After this, again reached 85.49 per dollar, which shows the strength of 19 paise in a closed price a day earlier. On Thursday, the rupee closed at 85.72 against the US dollar. Meanwhile, the dollar index showed 0.10 percent to 97.24, showing the US dollar status against six major currency.
Stock market strength
Here, during the early trade in the domestic stock market, the Sensex came to the level of 83,985.09 with 229.22 points. Whereas, the Nifty 73.5 points up to 25,622.50. International Standard Brent crude remained 0.47 percent to a price of $ 68.05 per barrel. According to the stock market data, foreign institutional investors were buying on Thursday and purely bought shares worth Rs 12,594.38 crore.
Dilip Parmar, research analyst of HDFC Securities, says the Indian rupee and shares have seen strength, mainly due to the increase in investment of dollars through the weak US dollar index and IPO. The dollar index has reached a three -year low amid speculation of deduction before expectation in interest rates in the US.
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