Profitable Commodity Tips: 3 Paise Strong Rupee In Early Trading

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.