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Bitcoin has gained traction, evidenced by the recent surge in its price. The bitcoin price has crossed the $30,000 mark on October 20, fueling optimism in the market. The major factor behind this surge is the recent development in the XRP case, as SEC dismissed to file charges, which led to rebelieve of investors. Now, the market of cryptocurrency and trading looks fine, making bitcoin strong asset in 2023.

The rupee depreciated 16 paise to an all-time low of 82.33 against the US dollar in early trade on October 7. The constant fall in the Indian rupee, against US Dollar, and the risk-averse sentiment among investors. Moreover, a negative trend in domestic equities elevated crude oil prices. In addition,  30-share BSE Sensex was trading 111.83 points at 58,110.27, while the broader NSE Nifty fell 38.00 to 17,293.80.

In early trade on June 29, the Indian currency decreased hitting a low record at 78.96 against the US dollar. At the interbank foreign exchange, the rupee opened at 78.86 against the US dollar, then inched to quote 78.96, registering a slip of 11 paise. Furthermore, Sensex was trading 474.05 points or 0.89% higher at 52,703.40 and the NSE Nifty advanced 137.75  points to 15,712.45.