By Admin 
Rupee vs dollar: The Indian rupee has recently seen a major decline amidst the tremendous tension on trade tariffs from America. Two days ago, the rupee reached the lowest level till date, although it came a little recovery on Wednesday, but on Thursday, there was a decline again in early trade. The rupee failed to maintain its position due to the frequent withdrawal of foreign capital and the strengthening of the US dollar.
Why weakness in rupee?
Despite GST reforms, the rupee fell to 88.03 against the dollar on Thursday. Foreign currency traders say that the GST rate cuts brought some positivity to the market notion, but the fall in global oil prices limited the weakness of the rupee.
The rupee opened with a weak trend at 88.09 in the Interbank Forex Exchange Market, then improved by 87.85, but again slipped to 88.03, which shows a fall of a paisa in the previous closed price. A day earlier on Wednesday, the rupee closed at 88.02 against the US dollar. Meanwhile, the dollar index showing the US dollar position rose 0.07 percent to 98.21 against six major currencies.
Stock market boom
The domestic stock markets witnessed a rise, where the Sensex rose 888.96 to 81,456.67 and the Nifty gained 265.7 points to 24,980.75. International standard Brent crude fell 0.49 percent to $ 67.27 per barrel. According to the stock market data, foreign institutional investors pure shares worth Rs 1,666.46 crore on Wednesday.
Significantly, the GST reform has been decided by the central government at a time when tariff tension with America has increased. Due to purchasing crude oil from Russia, US President Trump has imposed an additional tariff on India as 25 percent penalty. After this, the total tariffs on India have increased to around 50 percent.
Also read: Gold became cheaper or expensive amid changes in GST? Know today on 4 September 2025, the fresh sense of your city