Indian Rupee Versus US Dollar- Market Updates: The Indian rupee closed at 79.88 cents per U.S. dollar on Tuesday, August 23. The rupee lost 4 paise to end the day at 79.88 provisionally against the greenback due to a strong US dollar in international trade and rising crude oil prices.
In the interbank foreign exchange market, the local currency began at 79.85 versus the dollar and fluctuated between a day high of 79.81 and a day low of 79.90. At 79.88 in the end, it was down 4 paise from the previous closing. The rupee had a prior session closing value of 79.84 against the dollar.
The dollar index, which measures the strength of the dollar against a basket of six different currencies, increased 0.03% to 109.07. The benchmark for world oil, Brent crude futures, increased 1.53% to $97.96 a barrel.
On the Indian stock market front, the BSE Sensex closed 257.43 points or 0.44% higher at 59,031.30 points on the local equities market, while the larger NSE Nifty gained 86.80 points or 0.5% to 17,577.50 points.
According to exchange data, foreign institutional investors sold shares worth 453.77 crore on Monday, making them net sellers in the capital market.
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