Commodity Tips Expert: 13 Rupee Open With Rupee Strengthening At 68.70

This week Last Trading Day Report By Commodity Tips Expert, the rupee strengthened by 13 paise to 68.70 against the US dollar. The US Central Bank Federal Reserve has kept the interest rates stable in its policy meeting. In addition to this, the Federal Reserve has determined to end its relief packages in the United States three years ago. This move of US Central Bank came under heaviness from the US dollar.

Not only that, the Rudra Investment has said that the labor market (labor market) is strong in the US, but the pace of the domestic economy is estimated to be sluggish. Due to concerns about the slow economy, the central bank also indicated that in the second half of the current year, the policy of cutting down the balance sheet will end its policy.

The rupee had closed 13 paise higher at 68.83 against the US dollar on Wednesday. On the occasion of Holi on Thursday, the domestic stock market, foreign currency, debt and commodity markets remained closed. Foreign portfolio investors (FPIs) invested in domestic stock markets remained at the height of 2019. This has resulted in an upsurge in the key indices of the domestic stock markets.

According To Commodity Tips Expert The market expects the BJP to get a majority in the general elections. Apart from this, there has been an increasing trend in the domestic stock markets with the indication of softening interest rates from major central banks across the world. FPIs are investing heavily in home and stock markets.