The Indian rupee, which has been facing a weak trend for a long time, showed strength on Tuesday. It touched a one-month high during the day’s trading amidst the changed conditions. Read this news…
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A strengthening trend was observed in the Indian rupee on Tuesday. The rupee, which has been weakening against the dollar for a long time, touched a one-month high on Tuesday. There is a possibility of a strong trend in it at the end of the rest of the business.
The situation in the market changed due to the weakening of the dollar, its effect was directly visible on the rupee. The rupee touched a one-month high and touched a level of Rs 82.07 per dollar in intraday trade. The trend of strength still remains in this and after the end of trading, it can remain in the range of Rs 81.50 to Rs 81.70 per dollar.
Rupee is weak for a long time
The Indian rupee has remained weak against the dollar for a long time. On 21 September 2022, it crossed the figure of 80 against the dollar for the first time. Since then, it has been continuously weakening and closed on December 27, 2022 by reaching the level of around Rs 83 (82.90).
For the last three days, a strengthening trend is being seen in the rupee and on Tuesday it touched a one-month high. It is getting stronger now. By afternoon it has reached the level of 81.77 against the dollar.
dollar getting weaker
One of the major reasons for the strengthening of the rupee is the weakening of the dollar. On Tuesday, the dollar remained weak. Although late night it touched a high of Rs 82.50 per dollar, but after that it continued to trend downward. It has fallen to a low of Rs 81.77 per dollar during the day’s trading.
(This news is being updated)
Source: www.tv9hindi.com”