PM Modi and Donald Trump
Before the trade deal with India, US President Donald Trump and his currency currency dollar have suffered a major setback. While the dollar has reached the lower level of several months, on the other hand, India's rupee has won a big victory. There has been a tremendous increase in the rupee against the dollar. According to experts, the rupee has seen an increase due to going under the dollar index and a big fall in crude oil prices. In the coming days, the rupee can be seen even more. He also has a karan. Due to the fall in crude oil prices, inflation figures can be better. Due to which the money can be seen getting support. Let us also tell you what kind of figures are being seen in the currency market for the big win.
Big boom in rupee
The rupee gained 42 paise in early trade on Tuesday to reach 85.34 against the US dollar. Foreign currency traders said that the rupee was strengthened by the US dollar reaching a low -lying level of several months and a positive trend in the domestic stock markets. Forex traders said that the US dollar index in the foreign market weakened as President Donald Trump's increasing influence on the Federal Reserve Policy again raised the apprehensions on the freedom of the central bank. In addition, Brent crude prices remained low, which gave India's import bill buffer and helped reduce inflation. The rupee opened at 85.66 against the dollar, the rupee in the Interbank Foreign Currency Exchange Market. In early trade, it reached 85.34 per dollar, which shows a gain of 42 paise in the previous closed price. The rupee closed at 85.76 against the US dollar on Monday.
Why the dollar fell?
Meanwhile, the dollar index measuring the dollar's strength against six currencies fell 0.17 percent to 96.71. The US dollar index reached several months low at 96.614 with fresh political noise. CR Forex Advisors MD Amit Pabari said that President Donald Trump's growing influence on the Federal Reserve Policy – including plans to replace Fed Chair Powell – has made investors restless and has raised the apprehensions regarding Central Freedom. In the international market, Brent crude oil fell 0.24 per cent to US $ 67.61 per barrel. Pabari said that the USDINR pair is expected to get strong support around 85.20–85.40 with a reversal towards 86-86.50 in the coming days amid weak domestic figures, equity outflow and global uncertainty.
The stock market slight rise
Meanwhile, the Sensex in the domestic stock market rose 200.92 points or 0.24 per cent to 83,807.38, while the Nifty rose 57.85 points or 0.23 per cent to 25,574.90. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 831.50 crore on a pure basis on Monday. According to the official data released on Monday, India's industrial production growth in May 2025 came to nine months low to 1.2 percent due to poor performance of monsoon time. The fiscal deficit of the central government was 0.8 percent of the entire year's target in late May, due to the dividend of Rs 2.69 lakh crore received from the Reserve Bank of India.
Source: www.tv9hindi.com
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