Rupee vs US dollar finished 12 paise higher at 83.15
However, forex dealers said that the ongoing increase in crude oil prices brought about by the shifting geopolitical landscape and the flight of foreign capital continued to put pressure on the Indian rupee.
On December 22, the rupee saw its first increase of the week, closing 12 paise higher at 83.15 versus the US dollar on the back of a weaker US dollar and a good feeling in the share market.
However, forex dealers said that the ongoing increase in crude oil prices brought about by the shifting geopolitical landscape and the flight of foreign capital continued to put pressure on the Indian rupee.
The native currency began at 83.25 at the interbank foreign exchange rate, and it moved between 83.11 and 83.27 against the US dollar throughout the intraday trading session. At 83.15 (provisional), the local unit eventually closed, up 12 paise from its previous close.
The native currency closed at 83.27 versus the dollar on December 21, down 9 paise from the previous day. A day after closing the session at the same level with a loss of 8 paise on December 19, the unit traded on a flat note and concluded at 83.18 on December 20. The currency dropped 7 paise to settle at 83.10 on December 18.
"The weak trend of the dollar index It was a major support for the rupee as the dollar decreased from 104 to 101.70 in 10 sessions," said Jatin Trivedi, VP Research Analyst at LKP Securities. The rupee's general trend is still sideways, however. Is not." On December 22, the dollar index, which measures the strength of the US dollar relative to a basket of six other currencies, was trading 0.07 percent down at 101.41.
Benchmark Brent crude for global oil prices increased by 0.97 percent to US$80.16 per barrel.
The 30-share BSE Sensex finished 241.86 points, or 0.34 percent, higher at 71,106.96 on the domestic equities market. To 21,349.40, the larger NSE Nifty increased by 94.35 points, or 0.44 percent.
According to exchange statistics, on December 21, foreign institutional investors (FIIs) sold shares worth Rs 1,636.19 crore, making them net sellers in the equities market. HVA PTI MR
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