US President Donald Trump
Ever since US President Donald Trump became President, the US stock market and dollar have been suffering losses due to his flawed statements. Along with this, ever since Trump has waged a trade war with countries around the world, the situation has become worse.
Let us tell you that due to all this, in the last 45 years, the dollar index appeared on Wednesday i.e. 9 July 2025 at the level of 97. If we look at the data, the first half of the year has seen a decline of about 11 percent in the dollar, which is the biggest decline of 6 months since 1980. Experts believe that the way the work on Trump Policy is being done, the dollar index has seen a decline. In the coming days, there can be further decline in it.
Rupee defeated the dollar
The rupee closed at 85.69 (temporary) per dollar on Thursday in the interbank foreign currency exchange market. Forex traders said that the rupee closed up against the US dollar amidst the expectation of reaching an agreement between India and the US soon.
The rupee opened firmly at 85.62 in the interbank foreign currency exchange market. After trading within the range of 85.69 to 85.53 per dollar a day, it finally closed at 85.69 (temporary) per dollar, which is four paise to a four paise. The rupee closed at 85.73 against the US dollar on Wednesday.
There was a slight decline in the Indian stock market
Meanwhile, the dollar index, depicting the US dollar position against six major currencies, fell 0.15 percent to 97.41. The 30 -share Sensex fell 345.80 points to 83,190.28 points in the local stock market. At the same time, the National Stock Exchange’s Nifty slipped 120.85 points to close at 25,355.25 points.
International standard Brent crude fell by 0.34 percent to $ 69.95 per barrel. According to the stock market data, foreign institutional investors (FIIs) were living on Wednesday and purely bought shares worth Rs 77 crore.