By Admin 
Dollar vs rupees: The Indian rupee broke four paise against the already weakened US dollar during early trade on Wednesday. After this, the rupee has come to the level of 85.63 as compared to the dollar. Here, the trade deal between India and the US is waiting for the last phase to reach the final phase, which has tied the market a hope.
Rupee was weak
According to Forex traders, the dollar index remains under heavy pressure against the major equivalent currencies, as traders are considering the soft trend of Federal Reserve Chairman Geom Powell. The rupee opened at 85.59 against the dollar in the Interbanking Foreign Money Exchange Market. In early trade, it came to 85.63 per dollar, which is showing a decline of four paise more than a day before.
Rupee strong a day before
The rupee closed 17 paise to close at 85.59 levels on Tuesday against the US dollar. Meanwhile, the dollar index, depicting the US dollar position against six major currencies, fell down 0.11 percent to 96.70.
International Standard Brent crude rose by 0.04 percent to $ 67.14 per barrel. Here, there was a thorough discussion on the sixth day in Washington on Tuesday regarding the trade deal between India and America. The conversation has almost reached the final stage and India has demanded more market access to its labor-dominated goods.
On the other hand, the Sensex climbed 41.24 points to 83,738.53 in domestic stock. However, it later recorded a decline. While the Nifty fell 4.35 points to 25,537.45. According to the stock market data, Foreign Institutional Investors sold shares worth Rs 1,970.14 crore on a pure basis on Tuesday.
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