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New Delhi:

Before the inauguration of Donald Trump, the Indian rupee has shown strength against the dollar. Due to positive trend in domestic stock markets and Asian currencies, the rupee gained 14 paise. This indicates that the market is optimistic about Trump’s leadership. However, the high level of the dollar and fluctuations in crude oil prices remain a challenge to the rupee’s strength.

Ahead of Donald Trump’s swearing-in, the rupee strengthened by 14 paise to 86.46 per dollar on Monday. According to experts, despite the high level of dollar index and rising crude oil prices, the rupee remains strong. A decline in the value of the dollar before Trump’s inauguration could have a positive impact on the Indian rupee.

In the interbank foreign exchange market, the rupee opened at 86.48 per dollar and later reached 86.46, which is 14 paise more than the previous closing price. On Friday, the rupee had closed at 86.60 per dollar.

The dollar index, which measures the dollar’s position against six major currencies, fell 0.12% to 109.10.

A positive sign for the Indian economy

The strengthening of rupee can have an impact on the Indian economy and markets. This strengthening of the rupee may be a positive sign for the Indian economy, but it may also require policy changes keeping in mind the exporters. If this strengthening continues for a long time, it will affect India’s financial condition. Can help in improving the situation and can also attract foreign investors.

At the same time, the price of Brent crude in the international market decreased by 0.12% to $ 80.69 per barrel. According to stock market data, foreign investors (FIIs) had sold shares worth Rs 3,318.06 crore on Friday.


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