Rupee opens stronger against US dollar after Trump delay

Rupee opens stronger against US dollar after Trump delay


The Indian rupee was stronger against the US dollar on Tuesday. According to Bloomberg, the local currency strengthened by 16 money to open Rs 87.03 against Greenback. The rupee was closed at 87.19 on Monday against the dollar.

“Indian rupees, which became low yesterday, opening around 86.97 this morning, after reaching an agreement with Canada and Mexico this morning after relief from Trump’s tariff. Between 86.80 and 87.20 for the day. It is expected to be purchased for the day.

“US President Shri Donald Trump delayed the implementation of tariffs on Mexico and Canada for at least 30 days, which gave them time to work together on the border to avoid infiltration. The dollar fell to 108.65. Gaya while US 10 years yield increased 4.5590%.

The US dollar index was at 108.6570 and below 0.31%. Brent crude oil was at $ 75.980.00 and below 1.26%.

(Tagstotranslate) Dollar – Rupee (T) Forex