Advertisements
Uncategorized

Rupee strengthens by 3 paise against dollar

Rupee
Written by bobby
Advertisements
Rupee strengthens by 3 paise against dollar: Rupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 3 paise at Rs 78.68 against the dollar. At the same time, the rupee on Tuesday closed at Rs 78.71 with a gain of 31 paise against the dollar. Trading in dollars needs to be done very wisely, otherwise, the investment may suffer.
August 3: Rupee strengthens by 3 paise against dollar

Know the closing level of the rupee for the last 5 days

On Tuesday, the rupee gained 31 paise to close at Rs 78.71 against the dollar.
On Monday, the rupee strengthened by 23 paise to close at Rs 79.02 against the dollar.
On Friday, the rupee strengthened by 50 paise to close at Rs 79.25 against the dollar.
On Thursday, the rupee gained 15 paise to close at Rs 79.75 against the dollar.
On Wednesday, the rupee closed at Rs 79.90 with a weakness of 12 paise against the dollar.

August 3: Rupee strengthens by 3 paise against dollar

Know the reason for weak or strong rupee

Rupees the price of Dollar is determined by demand and supply. At the same time, the imports and export of the country also affect it. Every country maintains its own foreign exchange reserves. With this, he pays for the goods imported into the country. Every week the Reserve Bank releases the data related to it. What is the position of foreign exchange reserves, and what is the demand for dollars in the country during that time, it also determines the strength or weakness of the rupee.

August 3: Rupee strengthens by 3 paise against dollar

1659523695 343 August 3 Rupee strengthens by 3 paise against dollar

KVP: Money will be doubled, and the government gives a guarantee

Know the effect of expensive dollars on you

The country has to import about 80 percent of its crude oil requirement. India has to spend a lot of dollars on this. This puts pressure on the country’s foreign exchange reserves, which affects the value of the rupee. If the dollar is expensive, we have to pay a higher price, and if the dollar is cheap, we get some relief. Every day this swing keeps changing the position of the rupee against the dollar.

About the author

bobby

Hi, I am Bobby. Blogger India. I love writing, and reading articles. Blogging is my passion. I have started my blogging career in 2016.

Leave a Comment