With the ongoing concerns about trade war between the US and China and the strengthening of crude oil prices, the rupee has come under pressure today. On Monday, the rupee was trading at 70.18 against the dollar in early trading on Monday. Foreign currency traders said that the pressure on the rupee against the dollar due to the strengthening of the dollar in foreign currency markets and the withdrawal of foreign funds has raised pressure on the rupee.
At the Interbank Foreign Exchange, the rupee opened at 70.16, then fell to 70.18 against the dollar. This level is below 26 paise lower than the previous close. Indian rupee closed at 69.92 on Friday, compared to the US dollar. According to the provisional figures released on Friday, Foreign Institutional Investors (FIIs) collected 11,245.14 crore on pure basis.
On the other hand, global oil benchmark Brent crude futures rose 0.27 percent to $ 70.81 a barrel. Meanwhile, on Monday the business appeared in the domestic market with vigilance. . The BSE-Sensex was trading at 37,448.91, down 14.08 points, while the NSE was trading 13.5 points down at 11,265.15 points. US President Donald Trump accused China of breaking the trade agreement agreement. On this Sunday, Trump has tweeted several. In these tweets also the US indicated a stern step against China.
According to Jaiprakash Gupta, director of Manaliyas, there is a possibility of weakness in the rupee against the dollar. They say that the trade war in America and China has had a negative impact on the world currency. Besides, tensions between the US and Iran have also shocked the stock markets. There is pressure on rupee even in the stock market. He says that in today's business, there is a possibility of a turnover of Rs. 69.60 to 70.30 in the rupee.
After reaching a close close to the trade war with China last week, Trump increased the import duty on import of Chinese products worth $ 200 billion to 25 percent from 10 percent on Friday. Apart from this, there are signs of increasing tariff further.
For regular stock exchange updates Best Advisory Company in Indore
At the Interbank Foreign Exchange, the rupee opened at 70.16, then fell to 70.18 against the dollar. This level is below 26 paise lower than the previous close. Indian rupee closed at 69.92 on Friday, compared to the US dollar. According to the provisional figures released on Friday, Foreign Institutional Investors (FIIs) collected 11,245.14 crore on pure basis.
On the other hand, global oil benchmark Brent crude futures rose 0.27 percent to $ 70.81 a barrel. Meanwhile, on Monday the business appeared in the domestic market with vigilance. . The BSE-Sensex was trading at 37,448.91, down 14.08 points, while the NSE was trading 13.5 points down at 11,265.15 points. US President Donald Trump accused China of breaking the trade agreement agreement. On this Sunday, Trump has tweeted several. In these tweets also the US indicated a stern step against China.
According to Jaiprakash Gupta, director of Manaliyas, there is a possibility of weakness in the rupee against the dollar. They say that the trade war in America and China has had a negative impact on the world currency. Besides, tensions between the US and Iran have also shocked the stock markets. There is pressure on rupee even in the stock market. He says that in today's business, there is a possibility of a turnover of Rs. 69.60 to 70.30 in the rupee.
After reaching a close close to the trade war with China last week, Trump increased the import duty on import of Chinese products worth $ 200 billion to 25 percent from 10 percent on Friday. Apart from this, there are signs of increasing tariff further.
For regular stock exchange updates Best Advisory Company in Indore
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