By Admin 
Rupee Rise Against US Dollar: The war between the US and Europe, which started in February, on which a 60-day ceasefire was imposed a few days ago, has now started again. After the ceasefire, people took a sigh of relief but now with the start of war once again, tension has increased. Meanwhile, while on one hand the prices of crude oil are increasing, on the other hand the Indian rupee has established its dominance.
rupee became stronger
After the war started again, crude oil prices have increased and the dollar has strengthened. Meanwhile, on Thursday, the Indian rupee strengthened by 1 paise and closed at 95.47 against the US dollar. However, the beginning of the day was weak for the rupee. The rupee opened at 95.52 per dollar, which was 4 paise weaker than the previous trading day.
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ups and downs continue
During trading it kept fluctuating between 95.28 to 95.58 and finally closed at 95.47. Earlier on Wednesday, the rupee had closed at 95.48 with a huge fall of 52 paise. Regarding this, analysts say that the possible intervention of the Reserve Bank of India (RBI) and selling of dollars by government banks has provided support to the rupee. However, rising crude oil prices and strengthening dollar still remain under pressure on the rupee.
Meanwhile, the dollar index, showing the strength of the dollar against 6 major currencies of the world, increased by 0.01% to 100.77. At the same time, the price of Brent crude oil increased by 0.46% to around $ 78.40 per barrel. There was a rise in the domestic stock market on Thursday. Sensex closed 238.22 points higher at 76,741.82 and Nifty closed 80.75 points higher at 23,962.80.
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