New Delhi:
US dollar to Indian Rupees Exchange Rate: Due to the strength of the American currency and rise in crude oil prices, the rupee weakened by 55 paise during trading on Monday and reached its all-time low of 86.59 against the US dollar (Dollar Vs Rupee). This is considered to be India’s biggest fall in almost two years.
In the last two weeks, the Indian rupee has weakened by more than one rupee from the closing level of 85.52 per dollar on December 30.
In the interbank foreign exchange market, the rupee opened at 86.12 and during trading it fell to an all-time low of 86.59. This shows a fall of 55 paise from the previous closing price. However, later the rupee recovered somewhat and was trading at 86.50 with a fall of 46 paise.
On Friday, the rupee had weakened by 18 paise and closed at 86.04 against the US dollar.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, rose 0.11 per cent to 109.60. Apart from this, the US 10-year bond yield increased to the October 2023 level of 4.78 percent.
International standard Brent crude was also trading 1.42 percent higher at $ 80.92 per barrel.
According to stock market data, foreign institutional investors (FIIs) had sold shares worth a net Rs 2,254.68 crore on Friday.