Dollar Vs Rupee: New enthusiasm in Indian rupee, a tremendous beating of US dollar in currency ring

Dollar vs rupee: The Indian stock market began with a green mark on Monday trading day. In the domestic market, the rupee gained five paise to 88.74 per dollar in the early trade of Monday. Which shows a gain of 5 paise from the previous price. On Friday, the rupee lost eight paise to close at 88.79. Due to the strengthening of the rupee, it will have a direct impact on Indian foreign imports and inflation. The prices of things coming from abroad will fall.

What is the reason for the rise in rupee?

One of the reasons for this boom in the rupee against the dollar may be a possible investment of foreign investors in the IPO. IPOs of Tata Capital and LG Electronics are coming this week. Also, the IPO of Vwork has already been opened. Due to which an investment of about 31 thousand crore rupees can be made. Due to these reasons, the rupee is getting strengthened and there is an increase in it. Market experts believe that the current week is very important for the domestic stock market. Experts feel that this week, the rupee can see a rise of 30 to 40 paise.

Trade talks continue between India and America

With this, trade talks are going on between India and America. If its results remain positive, then the rupee can be expected to rise. External Affairs Minister S Jaishankar on Sunday informed that New Delhi should be honored in any kind of trade agreement between India and America. He further informed that efforts are being made to reach the trade agreement between India and the US. The trade deal is delayed due to some issues between India and America. Jaishankar said that the talks between the two countries have not yet reached any final conclusion.

Know how the speed of money will be

On Friday, the rupee fell 8 paise to 88.79 compared to the US dollar and closed. Experts believe that V-Work, Tata Capital and LG three big IPOs can be strengthened in the rupee. Also, the rupee is expected to increase by 88.50.

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