By Admin 
Rupee vs dollar: The rupee has jumped 21 paise on Friday amid hopes of trade deal between the US and India. After this, the Indian rupee has now reached 85.34 against the US dollar. Forex traders say that US President Donald Trump has a trade deal with Vietnam. In such a situation, the hope of this has now been awakened that before the time limit of July 9, they can announce such an agreement.
Why strengthen in rupee
With such expectation, where Asian foreign currency has strengthened on one side, the Indian rupee is showing a boom. The Indian rupee is open to the level of 85.44 against the dollar in the Interbanking Foreign Money Exchange Market. The rupee has come to 85.34 per dollar during early trade, which shows an increase of 21 paise compared to a closed price a day earlier. On Thursday, the rupee closed at 85.55 compared to the US dollar.
Meanwhile, the dollar index, depicting the US dollar position in six major countries, fell 0.20 percent to 96.98. On the other hand, 25.10 points in the domestic market fell to 83,214.37 points, while the Nifty slipped 7.70 points to 25,396.50 points.
Crude oil declines
Here, after peace in the Middle East, now the price of crude oil has now come to the normal level and it is seeing a steady decline. International Standard Brent crude fell by 0.38 percent to $ 68.54 per barrel. According to the data from the stock market, foreign institutional investors (FIIs) were selling on Thursday and purely sold shares worth Rs 1,481.19 crore.
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