Delhi, 15 January (H.S.): The rupee, which has been showing continuous weakness against the dollar for some time, closed today with a strength of 28 paise at ₹86.36 per dollar.

It is believed that due to the fall in the dollar index and the weakness in the 10-year Treasury yield of USA, the price of the Indian currency has risen for the second consecutive session.

According to market experts, the rupee has also got support from the fall in the US equity market and the softening of the price of crude oil. Along with this, the trend of the US dollar has also softened due to the weakness in the Producer Price Index (PPI) in USA.

The condition of rupee could have improved further today, but the selling by foreign institutional investors (FIIs) in the domestic stock market curbed the gains.

Currency market expert Sarveshwar Dayal Sinha says that due to the weak condition of the domestic market, the pressure on the rupee is expected to continue in the coming days. Along with this, due to the inflation data of USA, the dollar is also expected to recover soon. If this happens, then there may be a situation of pressure on the price of rupee once again.

The price of rupee got a lot of support today due to increased investment in bonds and increased flow of dollars by PSU banks.

Along with this, the pressure on the rupee has also reduced due to the swap process being done by the Reserve Bank to ease the cash situation.

Hindusthan Samachar / Jun Sarkar