The Stock Market Expert report says The fall in rupees continues on Wednesday. Rupee opens at a lower level of 16 months than the dollar. The rupee opened at 68.14 level with 7 paise weakness. On Tuesday, the level of 68 rupees was broken. Compared with the dollar, the rupee was closed at 68.07 level with a weakness of 56 paise. The Congress and Janata Dal (Secular) together with the signs of making the government in Karnataka elections saw a decline in rupee.
Other reasons for weakness in rupees
Besides, the rise in oil prices and the purchasing of more dollars by the importers is also one of the reasons.
- Portfolio Investors are also increasingly getting money from government bonds. It has also influenced the rupee.
In the US, there is a strong dollar in the dollar index by buying dollars in the US, the effect of which is also the rupees.
The trading range of rupees
According to the Stock Market Expert, the rupee can trade in the range of 67.31-68.69 against the dollar.
Read also - 56 rupees broke with weakness 68 levels
What will be the effect of rupee fall
Due to the fall of rupee, the fear of inflation will increase. Export is expensive from this, which can increase the prices. Due to weakness in rupee, the government is afraid of increasing pressure on government deficit, which can lead to government spending, its direct impact could be on the country's growth rate.
A large portion of India's imports go into the import of petroleum products and it is paid in dollars. In such a situation, due to the fall in rupee, the import bill of crude will increase. This can increase the prices of petrol and diesel.
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Other reasons for weakness in rupees
Besides, the rise in oil prices and the purchasing of more dollars by the importers is also one of the reasons.
- Portfolio Investors are also increasingly getting money from government bonds. It has also influenced the rupee.
In the US, there is a strong dollar in the dollar index by buying dollars in the US, the effect of which is also the rupees.
The trading range of rupees
According to the Stock Market Expert, the rupee can trade in the range of 67.31-68.69 against the dollar.
Read also - 56 rupees broke with weakness 68 levels
What will be the effect of rupee fall
Due to the fall of rupee, the fear of inflation will increase. Export is expensive from this, which can increase the prices. Due to weakness in rupee, the government is afraid of increasing pressure on government deficit, which can lead to government spending, its direct impact could be on the country's growth rate.
A large portion of India's imports go into the import of petroleum products and it is paid in dollars. In such a situation, due to the fall in rupee, the import bill of crude will increase. This can increase the prices of petrol and diesel.
For More Info Visit Here: http://www.rudrainvestment.com/stock_cash.php
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