Dollar vs rupee: The market is again on the rupee today, whose move has shocked the traders and exporters badly. Today, the rupee took a strong improvement by taking a completely U-turn. The rupee improved to 86.69 today against yesterday’s 87.48 per dollar. If you look at what is happening in the forex market, then it is known that after recovery from the lower level in the rupee, it has improved about 52 paise. The rupee has improved 1 percent against the low -lying levels tomorrow. The rupee has improved to 86.69 against yesterday’s Rs 87.48 per dollar. The rupee fell to Rs 87.95 per dollar in Intrade yesterday. Dealers say that RBI has sold dollars in a vigorous manner tomorrow afternoon and this morning.
On the other hand, the dollar index continues to increase. It is now seen at 108.4 as compared to 107.7 in the last week. Most of the Asian currency are broken. But the speed of the rupee is the opposite. The dealer is confused about the RBI’s reverse move. Dealers feel that this may be the move of RBI so that exporters come and sell dollars. Banking sources say that the RBI is a special effort to scare the bookies.
Bloomberg News quoted Anindya Banerjee of Kotak Securities as saying that the RBI has been making a huge intervention since yesterday morning to support the rupee. He further said that the RBI will continue to support the rupee so that the bookies can be stopped from betting and the rupee’s decline can be held on one side.
After the start of the tariff by the US, it will be important to keep an eye on Prime Minister Narendra Modi’s visit to America. Prime Minister Modi will be on a two -day American tour on February 12 and 13. The Prime Minister has said that his visit to America, his first term in his first term, to further the successes of cooperation with Trump and to further increase and deepen bilateral relations in areas such as technology, trade, defense, energy and supply chain in areas such as technology, trade, defense, energy and supply chain. There will be a chance to develop the agenda.
Selling time in the market is gone, find opportunities for investment in select mid -multcap – Manish Sonthalia
In its report of February 11, MUFG said that India has so far tried to cut some charges and accept unauthorized migrants to preserve their basic interests of legal migration channels (eg H1-B visa) And the American trade war with China can also be availed as a manufacturing hub.
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