Teri Meri Ikk Jindri 1st March 2021 Written Episode, Written Update on LatestSerialGossip.com
The rupee was trading 29 paise lower at 73.76 against the US dollar at the start of trading on Monday in the interbank foreign exchange market due to rising crude oil prices and foreign currency withdrawals. The rupee had lost 92 paise last week and the rupee continued to fall on the first day of the first week of March.
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The domestic currency opened at Rs 73.76 per dollar at the start of trading in the inter-bank foreign exchange market. This level was 29 paise below its previous closing price. The rupee had closed at 73.47 against the dollar on Friday last weekend. Meanwhile, the dollar index, which measures the strength of the dollar against the world’s six major currencies, fell 0.03 percent to 90.84 points.
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Reliance Securities has said in a research paper, “The weakening of the US dollar may help offset the rupee depreciation to a large extent, but large-scale withdrawals by foreign portfolio investors may affect the sentiment.” The note said that most Asian currencies remained strong on Monday, which may improve sentiment. Meanwhile, the futures price of Brent crude was up 1.51 percent at $ 65.39 a barrel in the global market.
Rupee fell 92 paise against dollar last week
26 February: The rupee’s worst day in 19 months, against the dollar, fell 104 paise. On Friday, the rupee’s exchange rate against the US dollar saw the biggest drop of 19 months amid the steep fall in global bond market bond prices. The rupee dipped 104 paise to close at 73.47 per dollar.
February 25: The pressure on the rupee in the foreign exchange market remained firm on Thursday amid rising demand for the dollar and rise in crude oil, and the rupee fell 8 paise to close at 72.43 against the US currency.
February 24: The rupee’s exchange rate rose 11 paise to 72.35 against Wednesday on selling of dollars from banks and exporters. The rupee strengthened due to the rise in domestic stocks and the weak dollar in overseas markets.
February 23: The rupee slipped from a day’s high on Tuesday amid sluggish trend in the domestic stock markets. However, in the end it closed at 72.46 per dollar, a slight gain of three paise. The rupee was unable to hold on to its high against the dollar as well as other currencies.
February 22: On Monday, the rupee rose sharply due to the expectation of improvement in macroeconomic data and continued investment by foreign investors. As per preliminary data, the rupee strengthened 16 paise to close at 72.49 per dollar in the interbanking currency market.