By Admin 
Dollar vs rupee: An important announcement on monetary policy was made by RBI on Wednesday and no changes have been made at the moment. The central bank has decided not to change the repo rate at a time when efforts are being made to speed up the speed of the country’s economy by cutting the prices of everyday goods required after the GST reform. Also, American high tariff remains a big challenge in front of the country’s economy.
Rupee strengthening
On the other hand, the Indian rupee is being strong during the early trade. The rupee rose by five paise to 88.75 per dollar on Wednesday before the Reserve Bank of India (RBI )’s monetary policy decision.
The rupee opened at 88.79 against the US dollar at the Interbank Forex Market (Interbank Forex Market). After this, it reached 88.75 per dollar, which shows a gain of five paise from the previous closed price. The rupee closed at an all -time low of 88.80 against the US dollar on Tuesday a day earlier.
Stock market boom
The dollar index showed 0.07 percent to 97.84, depicting a US dollar position against six major currencies. In domestic stock markets, a 30 -point Sensex gained 142.63 points to 80,410.25 points in early trade. While the Nifty 50 on NSE also rose 50.75 points to 24,661.85 points. International Standard Brent crude gained 0.15 percent to a price of $ 66.13 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 2,327.09 crore.
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