By Admin 
Indian rupee strongeer: Since the ceasefire from Pakistan on the border, there is a continuous jump in the Indian rupee. Once upon a time, after the Indian currency reached the record 86 against the dollar, it is once again seeing a jump. On Wednesday 14 May, the rupee strengthened 31 paise to 85.05 per dollar in early trade.
Forex traders believe that due to the rise in crude oil prices, the rupee may be under pressure in the coming days. However, in the last few sessions, Brent crude prices have reached close to $ 66 per barrel, which can increase India’s trade deficit. Also, the withdrawal of foreign capital also limited the growth of domestic currency to some extent. The rupee opened at 85.05 against the rupee, the rupee in the interbank foreign currency exchange market, which shows a gain of 31 paise in the previous closed price.
Josh showed in rupee
In early trade, it also reached 85.23 against the dollar. The rupee was stable at 85.36 against the US dollar on Tuesday. Meanwhile, the dollar index, depicting the US dollar position against six major currencies, fell 0.05 percent to 100.95.
Talking about the stock market, it saw a boom. The BSE Sensex gained 250.80 points to 81,399.02 points in the domestic stock market, while the Nifty rose 58.45 points to 24,636.80 points. International standard Brent crude fell by 0.54 percent to $ 66.27 per barrel.
Stock market also boom
According to the stock market data, foreign institutional investors were selling on Tuesday. He purely sold shares worth Rs 476.86 crore. It is worth noting that due to the softening of vegetables, fruits and pulses, the rate of retail inflation came down to nearly six years in April to 3.16 percent.
This has created a sufficient scope for another deduction in the repo rate in the monetary policy review of June for RBI. According to the official data released on Tuesday, inflation based on the Consumer Price Index (CPI) in April was 3.16 percent, the lowest level after July 2019. It was 3.15 percent in July 2019. Retail inflation was 3.34 percent in March, 2025 and 4.83 percent in April 2024.
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