Therefore,
Indian roupine falls its lowest:
The Indian roupine fell below 86 for an American dollar on Monday. For example, reaching its lowest level in more than two weeks, under the effect of high demand in dollars from companies and capital outlets related to actions, operators said, in a context of uncertainty around American trade policies.
The roupine closed at 85.9850 against the dollar, down 0.2 % compared to its Friday fence at 85.80. In addition, The currency reached a floor of 86.0475 earlier during the day, its lowest level since June 25.
The demand in dollars of an important Indian conglomerate as well as other companies has weighed on the Roupie. For example, in parallel with probable outputs of capital on the Indian equity markets, the operators said.
The reference indices of the Indian Stock Exchange, the BSE Sensex and the NIFTY 50, fell 0.3 %, while indian roupine falls its lowest most regional stock markets increased. Therefore, [.BO]
European actions have also dropped. the common currency was slightly weakened against the dollar after US President Donald Trump threatened, during the weekend, to impose a 30 % tax on imports from the region, thus exacerbating the current trade war.
US stock contracts were also in red, with future S&P 500 in 0.3 %withdrawal.
“The movements have not been broader. because investors consider these threats to a Washington negotiation tactic to push the other party to conclude an agreement,” noted ING in a note.
India is one of the few major business partners in the United States to have not yet received a. pricing letter. Indian negotiators are expected to return to the United States for a new series of discussions. centered on automotive components, steel and agricultural products.
“All well considered. the chances of seeing the Roupie regaining land remains limited,” said indian roupine falls its lowest Amit Pabari, managing director of the CR Forex currency consulting firm. According to him, the Roupie should meet a resistance around the levels of 85.40-85.50.
The attention is now focused on the publication of consumer inflation data in India, expected later in the day. According to a Reuters survey from 50 economists. moderation of food prices and a high basic effect would have enabled Indian inflation to slow down to 2.50 % in June, its lowest level for more than six years.
Indian roupine falls its lowest
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