By Admin 
Rupee vs dollar: The Indian rupee also saw a tremendous rise on Tuesday, August 19, 2025 on the second trading day of the week. As soon as the business started, the rupee reached 87.20 with a rise of 19 paise against the dollar. Foreign currency traders say that the announcement made by PM Modi on tax reforms including GST reforms has had a direct impact on the domestic market. This is the reason that the rupee remains above its current level.
Significantly, Prime Minister Narendra Modi had said that the Center has distributed the draft GST reforms among the states and has sought cooperation to implement the proposal before Diwali. If the proposed ‘Do Slab’ arrangement gets the approval of the GST Council, then it will replace the existing four ‘slabs’ in the Goods and Services Tax (GST) system and the ‘slab’ with 12 percent and 28 percent will be finished.
Rupee strengthened
The rupee opened at 87.24 against the US dollar in the Interbank Foreign Exchange Market. After that it reached 87.20, which shows a gain of 19 paise in the previous closed price. A day earlier on Monday, the Indian rupee closed at 87.39 compared to the US dollar. Meanwhile, the dollar index showed 0.05 percent to 98.21 against the six major currencies.
Stock market boom
In domestic stock markets, the Sensex rose by 203.44 points to 81,477.19 points and the Nifty gained 53.4 points to 24,930.35 points. At the same time, international standard Brent crude slipped 0.44 percent at $ 66.31 per barrel. According to the stock market data, foreign institutional investors (FIIs) lived on Monday and purely bought shares worth Rs 550.85 crore.
Also read: Gold became cheaper by Rs 2160 in the last 10 days, know the latest price of your city on 19 August 2025 today