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Open rupee with weakness against dollar, decline in early trading of the stock market

In the international market, the rate of inflation in crude oil, and the pressure on the rupee in the last session in the dollar compared to the world's top currencies.

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New Delhi: The rupee on Wednesday rose 12 paise to a low of 69.55 against the dollar on Wednesday, compared to the previous session. In the previous session, the rupee had closed at 69.43 against the dollar. In the international market, the price of crude oil and the pressure on the rupee is being strengthened in the last session on the dollar against the world's top currencies. Money market experts also say that due to poor economic data released this week, there is also a weakness in the rupee.
On the other hand, the dollar has again weakened in the international market. Euro was up by 0.12 per cent against the dollar and stood at $ 1.1204 per euro. Compared to the six major currencies, the dollar's index of strength of the dollar remained at 97.218, with the index weakening 0.19 percent from the previous session.


In the initial trading of the country's stock market, there is a trend of decline on Wednesday. The broader index Sensex dipped 215.82 points, at the end of the day, at 38,060.81 points and the Nifty too was trading at about 11,431.15 with a loss of 66.75 points at the same time.

Sensex, the 30-share index of the Bombay Stock Exchange, fell by 32.45 points, to end at 38,244.18, while the National Stock Exchange (NSE) 50-share sensitive index Nifty opened at 11,478.70 with a 19.2-point weakness.

Lightweight weakness in early trading on the rupee against dollar

The dollar has strengthened following the decision of the US central bank to keep interest rates stable, due to which the dollar index of dollar strength indicates a rise in the index from the last two sessions, compared to the world's six major currencies.

E Delhi: The rupee has a weak rupee in early trading on Friday against the dollar. In line with the weakness of nearly six paise against the previous session, the domestic currency was trading at Rs 69.41 a dollar, before the rupee was open at 69.39. The rupee has strengthened against the dollar due to the sharp fall in crude oil and gold prices in the international market in the last trading session. Obviously, India needs a lot of dollars for oil and gold imports, so in the case of bullion and crude oil, the demand for dollar is soft, which gives domestic currency support.
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The dollar has strengthened following the decision of the US central bank to keep interest rates stable, due to which the dollar index of dollar strength indicates a rise in the index from the last two sessions, compared to the world's six major currencies. However, the dollar index has again stagnated. The dollar index slipped 0.02 percent of the previous session to 97.57 on Friday.


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