By Admin 
Dollar vs rupee: Despite the imposition of 25 percent tariffs of US President Donald Trump and purchasing crude oil and weapons from Russia, the rupee was seen strengthened today against the dollar.
In view of the possibility of the Reserve Bank of India (RBI) being interfered, the rupee rose 14 paise to 87.66 per dollar in early trade on Thursday. Foreign currency traders say that after the biggest decline of one day in three years i.e. 89 paise, the rupee has now got back its lost land. However, it is still trading with negative trends.
So far so much money has fallen
The rupee opened at 87.66 in the Interbank Forex Exchange Market and then touched an early low of 87.74 against the US dollar. The rupee closed at an all -time low of 87.80 against the US dollar. Anil Kumar Bhansali, Treasury Head and Executive Director of Finrex Treasury Advisors LLP, says, “After reaching the high level of 83.75 in April in April, the rupee has fallen by more than 3 % so far. Now after the reports of Trump’s tariff and fine, it is likely to fall further.
Dollar index declines
Apart from this, the dollar index, depicting the strength and weakness of the US dollar compared to six currencies in the world, fell 0.03 percent to 99.78. Brent crude oil prices fell by 0.19 percent to $ 73.10 per barrel. Meanwhile, the US Federal Reserve kept the interest rates stable and indicated that it would be too early to decide on rate cuts, which gave the dollar support for a month of July.
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