Free Commodity Tips
Expert told that On the opening day of the week, the rupee gained strong point
against the dollar. The explanation for this is the dollar selling of banks and
exporters. Rupee rises by 17 paise to 73.30 against dollar.
The rupee had closed 20 paise
down at 73.47 against the dollar on Friday. Meanwhile, the BSE Sensex was
trading 170 points in early trading in the domestic market and the NSE 50 index
was trading 37.75 points.
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Expert said in its report, "Today the exchange rate of dollar and rupee is
expected to be within the range of 73.30 and 73.90-74.05." According to Rudra
Investment Experts, due to improvement in oil prices, rupee can get stronger.
In view of the refuse in global
crude oil prices and the unpredictability of the currency, the Reserve Bank of
India has constantly seen the effect of interference. Rupee has risen in the
week ended Oct 26. The latest data released by the RBI has revealed that the
Forex reserves fell by $ 1 billion to $ 394.46 billion in the previous week.
This week, no major economic data is expected to be released in the domestic
market. But, US President Donald Trump's statement on the war will remain an
eye on the war.
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