The rupee has touched a level of Rs 88 against the dollar. This can affect your mobile and laptop. Their prices may increase by 5-10 percent. The rupee rolled against the dollar has increased the problem of the common man. You can see its effect on mobile, laptop, TV and other electronic goods.
The rupee has touched the level of 88 against the dollar. The rupee has seen a decline of about 4.5 per cent in the last 5 months. This will affect the price of laptops, mobile parts, TV and other electronic products. Their imports will now be expensive and their prices for you can increase by 5-10 percent. Let us know that India imports electronic goods worth about $ 90 billion every year.
The dollar is continuously stronger after Trump’s arrival. The rupee has seen a lot of ups and downs after the tariff on Trump’s steel and aluminum. Experts believe that there may be further decline in the rupee in the coming days. However, exporters are also benefiting from the fall of the rupee. But rapid ups and downs in it are also causing trouble.
Looking at the rupee’s move today, the rupee closed at Rs 86.82 per dollar on Tuesday with a gain of 63 paise with the support of banks’ selling. This is the biggest lead in a day in about two years. Forex Carobaris say that a day after the 88 level reached a day after a fast lead on Tuesday, the highly volatile tariff war is a sign of the currency market.
Today, the rupee opened at 87.45 against the dollar in the Interbank Forex Exchange Market and touched the highest level of 86.61 during trading. The rupee is 86.82 against the dollar, which is a gain of 63 paise in the previous closed price. The rupee had earlier recorded its biggest one day lead on March 3, 2023. That day it had closed up by 63 paise.
Dollar Vs Rupee: The rupee closed 65 paise to close at 86.83, 86.50- 87.20 can remain in the radius of Rs.
On Monday, the rupee fell 45 paise to close to $ 88 in the first half, but in the second half it had a dramatic bounce and closed at 87.45. The dollar sales by RBI have helped to overcome the rupee from the lowest level so far.