On The week First Trading Day Report By Rudra Investment Commodity Market Expert, the rupee was strong in the rupee. On Monday, the rupee appreciated by 18 paise to 68.92 against the US dollar. The rupee is getting support from the purchase of foreign funds in the stock market.
On Friday also came good strength in the rupee. It climbed 24 paise to close at 69.10 against the dollar. Overall, the rupee was up 104 paisa last week.
In the meantime, the trade deficit in February has reached the lowest level of 17 months. Trade deficit during this period was $ 9.6 billion. This is because the prices of crude oil are soft.
In February, exports grew 2.44 percent to $ 26.67 billion compared to a year ago, while imports declined by 5.41 percent to $ 36.26 billion. In February, gold imports declined by 2.81 percent year-on-year to $ 2.58 billion. It was $ 2.90 billion a year ago.
Rudra Investment Financial Services Commodity Market Expert has said that continuous investment has strengthened the rupee. The brokerage firm has expressed the hope that the dollar-rupee pair will be in the range of 68.70 and 69.40 on Monday.
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