Profitable Commodity Tips: Rupee Against Dollar Today 10 Paise Stronger In Rupee

Expertise of Profitable Commodity Tips Said Rupee recovered sharply on Tuesday as against the dollar. It grows 10 paisa at 71.70 level The eyes of the forex market have been on the monetary policy of the Reserve Bank of India. The results will come on Thursday.

On Monday there was a huge weakness in the rupee. It was 55 paise lower at 71.80 level than the dollar. The dollar was firmly under pressure on the rupee against the world's major currencies. Apart from this, the government has announced big money schemes in the budget. This is expected to increase the pressure on the fiscal situation.

Profitable Commodity Tips Experts believe that on Thursday the monetary policy of RBI could give some indication to the foreign currency market. On Monday, the dollar-rupee contract at NSE was at the level of 71.99. Open Interest in Feb Contract Increased by 10.09%.

Rudra Investment has said in its report, "We expect the rupee to get support from the current level slightly below." In the meantime, there was a special turnaround without beginning the business in domestic stock exchanges.