Rupee vs dollar: During the early trade in the Indian domestic market, on Tuesday, August 13, 2024, the rupee declined by 6 paise during early trade and it broke down against the dollar to 87.69. Foreign currency traders say that the Indian currency is trading in a very limited range due to the steps taken by the RBI to ensure that there is no drop in the rupee.

Weak rupee uncertainty in trade deal

The rupee opened at 87.63 per dollar in the Interbank Forex Exchange Market and reached a low of 87.69 against the US dollar in early trade, showing a weakness of six paise in the previous closed price. A day earlier, on Monday, the rupee closed at 87.63 with a strong 12 paise. It fell at 98.01 with a decline of 0.08 percent in the dollar index showing the US dollar position against six major currencies.

Strength in stock market

Domestic stock markets saw a boom on Tuesday. The BSE Sensex rose by 327.79 points to 80,563.38, while NSE Nifty-50 also closed at 24,599.55 with 112.15 points. International standard Brent crude was trading at $ 66.18 per barrel with a gain of 0.09 percent. According to the stock market data, foreign institutional investors (FII) purely sold shares worth Rs 3,398.80 crore.

Anuj Chaudhary, research analyst (commodity and currency) of Miraye Asset Sharekhan, says that due to the tariff war between India and the US, we estimate that the rupee will trade with a negative attitude. Continuous withdrawal of foreign institutional investors (FIIs) can also put pressure on the rupee. He said that the rupee can get support at a lower level due to weakness in US dollar and decreasing prices of crude oil.

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India retail inflation rate: Did you find vegetables and some food and drink a little cheap last month? If yes, then your understanding is perfect, the latest government figures show that India’s retail inflation (CPI) was the lowest 3.16 percent in the last 6 years in April.

Prices of food items stopped

In April 2025, food inflation fell to 1.78 percent. It was 2.69 percent in March and 3.75 percent in February. That is, the plate has become somewhat cheaper. But not everything, things like oil, fruits and milk still remain expensive.

Some things also became expensive

Talking about the month of month, the prices of vegetables, eggs, pulses and meat and fish increased at a slow speed, but the prices of fruits, oil and milk continued. Overall, Food and Beverages increased by 2.14 per cent annually, compared to 2.88 per cent in March.

Inflation below 4 percent

Inflation has been below 4 percent continuously for 3 months. This has happened for the first time in the last 5 years. In a poll in MINT, 21 economists estimated that inflation could be 3.2 percent in April. While the real figure remained slightly below that.

Now RBI is eyeing

After this relief in April, everyone is now eyeing the Reserve Bank of India (RBI). Last month, the RBI Monetary Policy Committee had reduced the repo rate to 6 percent, and is now expected that there may be another cut in June.

GDP falls slightly

Recently, RBI has reduced its 2025-26 GDP growth estimate from 6.7 per cent to 6.5 per cent. The reason for this has been stated that uncertainty in global trade and the possibility of US President Donald Trump put a heavy tariff on Asia. According to RBI Governor Sanjay Malhotra, now the focus can move away from only inflation control and can go towards credit growth and economic support.

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