Rupee Fall: The biggest one -day decline of one month in Rs.

Facebook Twitter Linked In Whatsapp Gmail has led to the fastest one -day decline of about a month. Dealers say the increasing tension between India and Pakistan affected the market morale. The rupee also softened due to the rise in the dollar index. Local currency fell 0.47 percent to 84.92 per dollar in day trading. However, by the end of the business, there was some improvement when public sector banks probably sold dollars from the Reserve Bank of India. A government bank dealer said, “The dollar index was a boom and the rupee weakened due to tension on the border. Bankers were selling at 84.90. ‘ The rupee closed at 84.83 per dollar while its previous closed price was 84.44 per dollar. Dilip Parmar, senior research analyst at HDFC Securities, said, “The Indian rupee had a one-day decline in a month amidst gearful concerns and strength in the dollar index which continued for the second day. The dollar has strengthened due to reduced trade tension, which is negatively impacting the major currencies. Apart from this, the continuous dollar demand of oil importers and hedgers has put pressure on the rupee during the last two days. America-Rupaye’s spot is expected to rise, which can reach 85.70 if above 85 per dollar. In contrast, there is strong support at 84.25. ‘ India announced on Wednesday that it had targeted nine bases of terrorists in Pakistan after 26 people were killed in a terrorist attack last month. The dollar index rose 0.3 percent to 99.63 on Wednesday before the results of the US Federal Reserve meeting. This is a measure of the strength of the dollar compared to the basket of six major currencies. Amidst the concerns of development in the country, the US rate -fixing committee is expected to keep the rates unchanged. On the other hand, the reward on India’s benchmark 10-year-old government bonds has been stable. This has happened due to RBI’s active liquidity measures. These include open market operations. This has strengthened the market push up. First Published – May 7, 2025 | 11:41 PM Ist Facebook Twitter Linked In Whatsapp Gmail related posts

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