New Delhi: The continuously falling Indian currency is seeing some recovery today. In the last trading session i.e. on Tuesday (October 25), where the rupee closed with a gain of 7 paise in front of the US dollar, today it jumped strongly on Thursday (October 27). Today, the Indian rupee has gained 67 paise against the US dollar and it has come down to 82.14 rupees per dollar. Due to the sluggishness in the price of the dollar, the rupee is trading today.
In the previous trading session, the rupee had closed at 82.81 in front of the dollar and today it has seen a level of 82.14 per dollar in early trade. Let us know that, on Wednesday (October 26), the forex market was closed on the occasion of Diwali Bali Pratiprada.
Currency market experts say that when the dollar index went below the level of 110, the rupee got strength and it was able to open with an increase. The reason behind the fall in dollar prices is being told that in the coming month i.e. November 2022, the Federal Reserve's rates in the US are expected to increase less than expected and the effect of this trend is being seen on the price of the dollar.
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