Best Commodity Tips
Provider said In the foreign exchange market, the rupee has weakened in
early trading on Thursday. It was trading 14 paise at 70.94 level against the
dollar. Earlier, the rupee was strong in 6 trading sessions. A currency dealer
said that the rupee has fallen due to opening up of strong dollar and domestic
stock markets in foreign markets.
Apart from this, crude oil has
grown strong. It also has an effect on rupees. On Thursday, Brent crude was
trading at half a percent in the international market at 63.90 dollars a
barrel.
Today, with rupee weakness open
at 70.91. After a while it dropped and it came down to 71.05. After that, it
was trading at 70.94 with the weakness of 14 paise.
The rupee depreciated by 10 paise
to close at 70.80 against the US dollar on Wednesday on rising crude oil prices
and overseas funds' selling in the global market
According to the Best Commodity Tips
Provider data of the stock exchanges, on Wednesday, overseas investors sold
shares worth Rs 676.63 crore. In early trading on Thursday, the BSE Sensex
dropped 60.05 points to 35,974.06.
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