By Admin 
Dollar vs Rupee: Despite global instability, the Indian rupee has strengthened. On Monday morning, the first trading day of the week, the rupee rose by 12 paise against the US dollar and reached 90.66 per dollar. According to foreign exchange analysts, the rupee was supported by the weak trend of the dollar against major international currencies. However, investors remained cautious due to continuous withdrawal of foreign capital from domestic stock markets and uncertainty in the geopolitical situation. Apart from this, high prices of crude oil in the international market also increased the concern of investors.
relief from strong rupee
In the interbank foreign exchange market, the rupee opened at 90.68 per dollar and strengthened to 90.66 during trade, showing an increase of 12 paise compared to the previous closing price. Earlier on Friday, the rupee had closed at 90.78 per dollar. Meanwhile, the dollar index, which reflects the dollar’s strength against six major global currencies, declined by 0.21 percent to 98.99, providing some relief to the currencies of emerging economies.
Market experts say that the recent statement of US President Donald Trump has created a stir in the global currency market. Trump has indicated that if European countries persist with the plan to buy Greenland, tariffs will be imposed on them. After this statement, pressure on the dollar increased and selling was seen, which directly benefited the Indian rupee. Due to the weakening of the dollar, the currencies of emerging economies strengthened and in the same sequence the rupee also got support, due to which it recorded an improvement.
stock market crash
Talking about the domestic stock market, there was weakness in the initial trading. BSE Sensex fell 482.80 points to 83,087.55, while NSE Nifty slipped 129.30 points to 25,565.05. In the international market, the price of Brent crude oil increased by 0.17 percent to $ 64.24 per barrel. At the same time, according to the stock market data, foreign institutional investors (FIIs) were in a selling mood on Friday and sold shares worth a net Rs 4,346.13 crore, the impact of which was clearly visible on the market sentiment.
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