Best Free Commodity Tips
Expert Said The series of weakness in rupee continued on Friday also. Rupee
drops 11 paise to 71.27 against US dollar on Friday. Increasing prices of crude
oil and the sale of foreign funds raised pressure on the rupee. Even on
Thursday, there was a huge weakness in the rupee against the dollar. It closed
36 paise down at 71.16.
Advisory firm Rudra Investment
Financial Services has said that in Thursday's session, the rupee was under
tremendous pressure, because Brent crude prices were around 65 dollars per
barrel. They said that due to weak trend in Asian currencies and stock markets
today, the rupee is expected to trade around 71.30 rupees.
Brent crude prices have reached a
height of 2019 due to cuts in US sanctions and supply of petroleum exporting
countries (OPEC) against Venezuela and Iran
Best Free Commodity Tips
Expert Said that due to the terrorist attacks on India's security forces in
Jammu and Kashmir, the risk premium on Indian assets has increased in the near
term. They say that due to the close of the general elections, the withdrawal
of foreign funds and the government's statements will remain visible in the
coming days.
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