Rupee closed at its peak at Rs 52.50 on 9th January which was 52.71 on the previous working day. This is the result of interbank currency trading which came into pace due to the concept of Foreign currency flowing at household level.During the Currency trading, the concept of growth in the money has been noticed.
As a result rupee went to 52.48 per Dollar stabilizing a peak value within last three weeks. Before this it was achieved on 21st of December last year. According to the Experts, the flow of Foreign currency is still on pace in credit markets.
Investors are expecting drastic cut out in the Reserve Bank policy rates. Traders say that the notion of strengthening of the rupee will continue this week and it could come to a level of 51.80 per dollar. In January, foreign investors have invested $ 1.43 billions.
Experts also said that, the rupee will keep on going stronger against Dollar this month.
As a result rupee went to 52.48 per Dollar stabilizing a peak value within last three weeks. Before this it was achieved on 21st of December last year. According to the Experts, the flow of Foreign currency is still on pace in credit markets.
Investors are expecting drastic cut out in the Reserve Bank policy rates. Traders say that the notion of strengthening of the rupee will continue this week and it could come to a level of 51.80 per dollar. In January, foreign investors have invested $ 1.43 billions.
Experts also said that, the rupee will keep on going stronger against Dollar this month.
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