Rupee Strong, Dollar Weak: Aaj Ka Market Update
Aaj, Wednesday ko, rupee ne dollar ke against strong opening dikhayi. Inflation kam hone se, dollar index neeche aaya aur safe-haven assets ki demand mein kami dekhi gayi. Rupee ne 16 paise ki tezi ke saath 85.61 per dollar par opening di. Tuesday ko, rupee 86 ke neeche band hua tha, 85.77 per dollar par.
Inflation Down, Rupee Up
March mein retail inflation August 2019 ke baad sabse kam level par aa gayi, mainly sabziyon ki keematon mein kami ke karan. Consumer price index (CPI) based inflation March mein 3.34% rahi, jo February mein 3.61% thi.
Trade Deficit Widens
India ke trade data se pata chala hai ki March mein trade deficit 50% badh gaya kyunki exports kam hue aur imports badhe. CR Forex Advisors ke managing director Amit Pabari ne kaha, “India ka overall merchandise export $0.35 billion badha, jabki overall total exports, including service exports, $42 billion badhkar $820.93 billion ho gaya, jo ab tak ka sabse zyada hai. Imports mein tezi se badhotri hui hai, jisse trade deficit 2023-24 se $41 billion zyada ho gaya hai.”
Market Uncertainty and Rupee’s Outlook
Finrex Treasury Advisors LLP ke head Anil Kumar Bhansali ne kaha, “Mixed US data uncertainty badha raha hai; traders ab US retail sales aur Powell ke speech par focus kar rahe hain. Rupee ke liye, 85.45 support ka kaam karega jabki 86.00 resistance hai.”
Pabari ne kaha, “RBI rupee par nazar rakhega taki yeh ensure ho sake ki gains zyada bade na hon, jisse exporters ko nuksan ho, jaisa kal 85.56 levels par hua tha.”
Dollar Index and Oil Prices
Dollar index 0.39% neeche 99.82 par trade kar raha tha. Oil prices thoda girne ke baad stable ho gaye hain, Brent crude $65 per barrel ke neeche aur West Texas Intermediate $61 per barrel ke upar trade kar raha hai. Yeh stability aisi situation mein aa rahi hai jab market potential oversupply aur US-China trade tensions ke global demand par impact ko lekar chinta mein hai.
Stock Market Update
Stock market mein Nifty aur Sensex ne thodi recovery dekhi, HDFC Bank aur Axis Bank ke share prices mein badhotri ke karan.
