13 January 2025, the dollar index was on such a peak, from where it seemed that the dollar would now collapse all its old records. This was the period when Donald Trump had to take oath of presidency. After that the tariff went down and the dollar index went. So far, the dollar index has come down by about 10 percent from the peak of January. Currently, the dollar index is at level below 100. According to all the foreign media reports, the dollar index is currently at the lower level of the year. But today the matter will be ahead of this. It is being estimated that the dollar may come to the level of 95 in the coming days. The special thing is that if the dollar index is at 95 level, then at which level the rupee will come?
According to the expert, the rupee can also come 83 or below after the dollar comes to the level of 95. This means that the benefit of the fall of the dollar index can be seen to be the benefit of the rupee. Which has also been seen in the last few days. On Friday, the rupee had seen a rise of 60 paise in the dollar. After two months, in any one day, the rupee was the biggest rise in the rupee. According to experts, there may be further decline in the dollar index in the coming days.
Dollar will fall into index and decline
There may be further decline in the dollar index. According to experts, the way Trump is putting tariff on China. In the same way, China is also putting tariffs on American products. The effect of which is seen falling on the world’s largest currency dollars. Anil Kumar Bhansali, Treasury Head and Executive Director of Finrex Treasury Advisors LLP, said that the rupee is expected to go above 86, while the dollar index has come below the September low of September 100. It is expected to fall to the level of 95. It means that it is expected to benefit the rupee.
How much will be improved in rupee
Anuj Gupta, head of commodity currency in HDFC Securities, said that the dollar index has seen a significant decline. On the other hand, the rest of the world’s currency currency is also being seen. But the benefit of the decline in the dollar can be seen to be in the rupee. As was seen on Friday as well. If the dollar reaches the level of index 95, then the rupee can be seen benefiting from the current level by 3 to 4 rupees. This means that the rupee can be seen between 82 and 83 rupees in the dollar, which will be about one to one and a half years high in the rupee.
How much decline in dollar index
If we talk on Monday, then the dollar index is trading in the index market with a decline of 0.63 percent. Looking at the data, the dollar index is trading at the level of 99.47. By the way, in the last 5 business days, the dollar index has seen a decline of 3.66 percent. Whereas in a month the dollar index has broken up to 4 percent. Talking about the last three months, the dollar index has seen a decline of about 10 percent. In the current year, the dollar index has seen a decline of 8.30 percent. In the last one year, the dollar index is trading down by 6.34 percent.
India’s currency market is closed
On the other hand, India’s currency market is closed due to Ambedkar Jayanti on Monday. But on Friday, the rupee closed at 86.10 per dollar against the dollar in the foreign currency exchange market. The rapid decline in US dollar and the bounce in domestic stock markets strengthened the rupee. The reason for the rupee is suspended by US President Donald Trump by 9 July, the next day the rupee gained increase in the rupee. The rupee jumped 46 paise to open at 86.22 per dollar in the Inter Bank Foreign Currency Exchange market. During trading, it closed at 86.10 per dollar after reaching a high of 85.95 against the dollar, which shows a jump of 58 paise in the previous closed price. The rupee lost 42 paise to close at 86.68 per dollar on Wednesday.