Ever since Donald Trump took power. Since then, the rupee’s level 85 against the dollar looks like New Normal. Last year, it was also said that by March 2025, the price of one dollar will go beyond Rs 90. But the rupee returned and once again has been roaming at the level of 85 for the last few days. Now that the atmosphere of tariff is going on. Jio political tension has also decreased. Crude oil prices are being seen below $ 70. Will the rupee see a further decline in the dollar against the dollar? The most important question is whether the price of one dollar will reach 100 rupees, if yes, then how long can this level be seen. On this whole issue, there was a detailed conversation with Anuj Gupta, director of TV 9 Digital Ya Wealth Global Research. Let us also let you know whether it is possible or not.
Will one dollar go to 100 rupees?
Ya Wealth Global Research director Anuj Gupta said that India’s economic outlook is quite positive and a strong growth is estimated in the coming years. The country’s goal is to become the third largest economy in the world by 2027. Maintaining this development will depend on target reforms, increase in private investment and promoting innovation. Especially when there are many uncertainty in the global economy. India is also working towards having strong, more stable and mutually beneficial relations with its neighbors by promoting connectivity, economic partnership, security cooperation and exchange between cultural and people.
At the same time, he said that it is very difficult to say whether the rupee will be able to touch the 100 level or not, but in the coming years, it seems very difficult to reach a level of 100 rupees of 1 dollar. It seems like this to happen till some time ago, but ever since Donald Trump is lying in power as President, it seems possible. At the same time, some technical possibilities and political events can also make it possible.
Fed and Team Trump Verses Team India
- Global uncertainty is increasing again with the return of Donald Trump in the 2024 US elections. During his previous term, she adopted a policy that focuses on local businesses, tax deduction and dollar, which can originally re -increase the US dollar demand.
- The Federal Reserve, also known as Fed, is adopting an aggressive stance while keeping the interest rates high.
- There is political instability in America. Alan Musk, close to Trump, has rebelled and announced the new political party. Due to which dollar volatility can be created. Which can benefit Indian rupees.
- In India – oil prices, rising trade deficit and potential withdrawal from foreign investment (FII) are pressurizing the rupee. However, India’s GDP growth rate remains strong, as Agri production has seen an increase and the prices of agri farms are trading below MSP. If the global situation is in favor of the dollar, then it will not be enough to prevent the rupee from falling.
Will the dollar come at the level of 82?
According to the monthly chart of dollars, Anuj Gupta said that currently the chart is showing an ashing triangle pattern, which has already broken. But currently the price is showing a decline around Rs 88 and it can return to strong support level of Rs 82.38. He said that a correction could come in a correction phase before continuing further. If the confidence of the global market increases and crude oil prices are stable, the rupee may be faster in the short term, but the long -term trend will remain in favor of the dollar until the rupee goes below 82.38 against the dollar. Traders will have to keep an eye on this level closely, if it remains strong, then the trend of fast will continue.
When can the 100 level of 100 be broken?
Putting another chart in front of Anuj Gupta, Anuj Gupta said that here, the breakout has already been done and USD/INR is making a continuous pattern of fast. There is strong rasist at the level of 88. If it crosses the level of 88 and closes up, it can cross the level of 91 and then 96 to 100 levels. Currently, the dollar-Rupaya is 82.38 important support points, followed by 88-91 rupees next Rasistance Point.
At which level the dollar rash is currently
On Friday, the rupee opened at 85.76 against the US dollar in the Interbank Foreign Currency Exchange Market and reached a low of 85.91 during trading. In the end, the rupee closed at 85.80 per dollar, which is a decline of 10 paise in the previous closed price. On Thursday, the rupee lost an initial lead against the US dollar to close at 85.70 with a gain of three paise. By the way, in the last one week, 0.42 paise has seen a decline of 0.36 percent in the rupee against the dollar. Whereas the rupee has been almost flat in the current month or a year.