By Admin 
Rupee vs dollar: The Indian rupee has been defeated before the US high tariff and is falling down against the dollar. The US tariff is going to be implemented from August 27, after which Indian goods will be charged a total of 50 percent. Indian currency has come under pressure since the notice was issued by Washington.
Rupee under pressure
As soon as the market opened on the second trading day of the week, the rupee weakened by 22 paise against the dollar and it reached 87.88. Forex traders say that the demand for dollars has increased from importers due to 25 percent additional tariffs that have come into force from Wednesday, which has put further pressure on the rupee.
The rupee started at 87.74 in the Interbank Foreign Exchange Market, which immediately slipped to 87.78. This shows a decline of 22 paise over the last trading day. On Monday too, the rupee lost 4 paise to close at 87.56.
Why the rupee declines?
Meanwhile, the dollar index, depicting the status of the dollar against six major currencies, fell 0.05 percent to 98.38. The impact of high tariffs also showed clearly on the stock market. The 30 -point Sensex on BSE fell 546.87 points to 81,089.04 in early trade. After this, he went down to about 660 points. Whereas, the Nifty 50 on the NSE also fell 179.05 points to 24,788.70. Also, all stocks are trading in red mark
Internationally, Brent crude fell 0.41 percent to $ 68.52 per barrel. On the other hand, the stock market figures show that foreign institutional investors (FIIs) remained in a selling mood on Monday and sold shares worth Rs 2,466.24 crore.
Also read: Stock market collapsed before 50% tariff on India, 360 points broken Sensex, bad condition of these stocks