On Wednesday Profitable Commodity Tips,
Report the rupee was trading 3 paise strong at 71.04 against the US dollar on
selling dollars of the banks and exporters. In the morning, the rupee closed at
71.08 against the dollar. The rupee had lost 10 paise to close at 71.07 against
the dollar due to increased tensions between India and Pakistan on Tuesday.
In the meantime, due to low
revenue collection at the end of January, the fiscal deficit has gone up to
121.5% of the revised target of 6.34 lakh crore of the entire year.
The difference between the fiscal
deficit i.e. the government's expenditure and revenue was Rs 7.70 lakh crore
during April-January during the current financial year. At the end of January
2018, the fiscal deficit was 113.7 percent of the revised estimate (RE)
SEBI Registered Profitable Commodity Tips
Expert said, "Today, the dollar and rupee exchange rate is expected to be
within the range of 71.05 and 71.70." Federal Reserve Chairman Jerome
Powell reiterated that the US central bank will continue to be patient on
monetary policy. This means that he will not be rushing to increase interest
rates. After giving this statement, the dollar came under pressure.