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Rupee Vs Dollar: Rupee weakens by 3 paise in early trade, later climbed to 79.88

Rupee Vs Dollar: Today the rupee started with a fall, but after that, within 1 hour of opening, the rupee was seen trading with a strength of 11 paise. This rise in rupee can be considered a good sign. Today the rupee has opened at a weakness of 3 paise i.e. 79.99 against the dollar, whereas yesterday it closed at the level of 79.96.

Rupee rises
The rise seen in the stock market today is believed to be the reason behind the rise in rupee. Rupee has got support from foreign investors buying in the market. At the same time, due to the fall of crude oil globally, the Indian currency is trading at a brisk pace today.

what the experts say
Currency experts say that today the rupee will see an improvement in its movement and it is expected to trade between Rs 79.92-79.99 per dollar.

How Indian Stock Market Opened
The BSE Sensex opened at 55,800.84 with a gain of 118.89 points or 0.21 per cent at the time of opening of today’s trading and the NSE Nifty has managed to open 56.00 points or 0.34 per cent higher at 16,661.25.

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