On Thursday, it was reported that the Indian rupee has fallen to Rs 45.70 as per US dollar in the early trade on the demand for the American currency from the banks.

This fall has resulted in the increasing and strengthening of the dollar in global markets and weakening dollar in the domestic equities. The rupee has decreased to its lowest level in the past six months.

The Forex dealer has stated that dollar has affected the domestic market. The rupee has stopped at Rs 45.47/48 per dollar on the Interbank Foreign Exchange and previously it was recorded at Rs 45.41/42 per dollar and it further decreased to Rs 45.70 per dollar.

“The rupee is unlikely to weaken beyond 45.70 as exporters are seen selling dollars around that level”, says the traders. The Indian rupee was moving between Rs 45.47 and Rs 45.70 per dollar in the morning deals.

On Thursday, Brent crude has decreased by 0.2 percent and was recorded below $111 per barrel and the dollar drew away the investors from the riskier assets like oil. The dollar has also affected the many Asian Currencies and it was also observed that the Indian shares were decreased by more than % in tandem.