By Admin 
Dollar vs rupee: The Indian rupee saw a major decline in the last days and it had gone to the lowest level. However, after that it has now done a little recovery. The softening of global crude oil prices on the last trading day of the week i.e. Friday, the Indian currency got strength. After this, it reached 88.11 level with a pace of gains compared to the US dollar.
Why does the rupee rise?
Forex traders said that the frequent withdrawal of foreign capital limited the lead of local currency. However, positive perception in domestic stock markets gave tremendous support to Indian currency.
The rupee opened at 88.11 against the US dollar in the Interbank Foreign Currency Market. After this, he fell at 88.15 per dollar. However, making a comeback soon, it came to 88.11 per dollar, which shows a gain of one paise in the previous closed price. A day ago, the rupee closed at 88.12 against the US dollar on Thursday.
Domestic market declines
The dollar index, depicting a US dollar position against six major currencies, fell 0.24 percent to 98.10. In domestic stock markets, the 30 -point Sensex on BSE gained 318.55 points to 81,036.56 points while the Nifty rose 98.05 points to 24,832.35 points. However, this was not strengthened in the stock market on Friday. After some time, the Sensex fell to about 135 points while the Nifty also went below 24,700.
International standard Brent crude fell by 0.15 percent to $ 66.89 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Thursday and purely sold shares worth Rs 106.34 crore.
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