New Delhi: The Indian currency rupee has recorded strength during early trading on Friday. The rupee was trading 24 paise stronger at 71.07 rupees against the dollar, while the rupee opened 12 paise higher at 71.20 rupees from Thursday. At the same time, the dollar index, indicative of the strength of the dollar against the six currencies, remained weak for the second consecutive day on Friday due to the slowing of the dollar against the major currencies in the international market.
Giving details, Karvy Comtrade CEO Ramesh Varkhedkar said that the dollar's weakness against major currencies was seen as the US central bank did not give any clear indication of further cuts after interest rate cuts for the second time this year. Has been The dollar index remained at 97.83 for the second consecutive day with weakness.
Ramesh Varkhedkar has further said that a strong trend in the rupee is being seen as the domestic stock market has also recovered after the steep fall in the previous session. At the same time, the prices of petrol diesel have also increased. According to the website of Indian Oil, at present, the prices of petrol in Delhi, Kolkata, Mumbai and Chennai have increased to Rs 73.06, Rs 75.77, Rs 78.73 and Rs 75.93 per liter respectively.