India is the fastest growing inonomy in the world. Inflation in India is close to 2 percent. The country’s foreign exchange reserves are around $ 700 billion. The country’s stock market is the 5th largest bazar in the world. India is the fourth largest economy in the world. Soon India is going to become the third largest economy in the world. Even after that, there is a big crisis on India. This crisis is not such a crisis. This is likely to cause major loss to the country’s economy. After all, what is this crisis? What is India trying to overcome this crisis? These questions are such that it is necessary to get the answer soon.
In fact, India’s rupee may soon cross the 90 level. That too at a time when crude oil prices are falling in the international market. But the migration of foreign investors is engaged in increasing this crisis. The delay in trade with America is increasing this crisis. If we talk about the first business day of the week, then there was a big decline of 52 paise in the rupee. Which can continue in the coming days. On the other hand, like July, in August, the rupee can be seen with a big fall in the dollar. Let us also tell you what kind of figures have been seen.
Big fall in rupee
On Monday, the rupee fell by 52 paise to close at 87.70 (provisional) against the US dollar, as the continuous withdrawal of foreign capital and trade fee uncertainties affected the notion of investors. Foreign currency traders said that the charges of US President Donald Trump have created new concerns about widespread disruption in Global Trade Outlook. The rupee declined during the day due to the demand of oil marketing companies.
In the Interbank Foreign Currency Exchange Market, the rupee opened at 87.21 against the dollar, which touched the 87.70 Intra-Day Lower level against the US currency. At the end of Monday’s trading session, the domestic currency was at 87.70 (provisional), which was 52 paise less than the previous closed price. On Friday, the rupee improved faster and closed 47 paise to close at 87.18 against the US dollar.
Rupee can remain weak
Mirae Asset Sharekhan’s commodity and currency research analyst Anuj Chaudhary said that our estimate will remain weak between uncertainty over the Indo-US trade agreement and the withdrawal of foreign institutional investors (FIIs). However, amidst on hopes of cutting interest rates in the US amidst weak economic figures, the weakness in US dollar can support the rupee on the lower levels. Chaudhary said that traders can take hints from factory order data coming from America.
This week, investors can be cautious before the RBI’s Monetary Policy decision. He further said that the spot price of dollars and dollars is expected to be between 87.40 and 88. The interest rate assessment committee headed by RBI Governor Sanjay Malhotra on Monday launched a three-day discussion to decide on the next bivalent monetary policy. The six -member monetary policy committee (MPC) will announce the next bilateral policy rate on Wednesday (August 6).
Will the rupee reach 90?
Now the biggest question is whether the rupee can cross the 90 level against the dollar. On this or the director of Wealth Management, Anuj Gupta said that the way the rupee is getting a decline, the rupee can reach the 90 level in the coming days. He said that foreign investors are constantly withdrawing money. Also, there is a delay in getting a trade deal with America. A tariff of 25 percent has been imposed. Pressure can be seen continuously on the rupee. He has said that on August 6, the commentary after the RBI Governor’s policy announcement will depend a lot. It will be known in that commentary what the RBI did to handle the money and what are going to do in the coming days.
Crude oil and dollar fall
Meanwhile, Brent crude prices fell by 1.06 per cent to US $ 68.93 per barrel in futures trading, as OPEC+ agreed to increase production in September this year, while concern over the recession and trade fee in the US economy also decreased. The dollar index measuring the dollar’s strength against six currencies fell 0.37 per cent to 98.77.
Chaudhary said that the US dollar declined on Friday amidst disappointing economic data from the US. According to the Non-Agri payroll report, the US would add 74,000 jobs in July 2025, while the forecast was of 1,06,000 jobs. The June figures were also unexpectedly reduced to 14,000, while the initial estimate was of 1,47,000 jobs.
In the domestic stock market, the 30 -share BSE Sensex rose 418.81 points or 0.52 percent to close at 81,018.72, while the Nifty rose 157.40 points or 0.64 per cent to close at 24,722.75. According to exchange data, foreign institutional investors (FIIs) on Friday sold equity worth Rs 3,366.40 crore on a pure basis.