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Indian currency day has come again, a strong Indian currency after 9 years! Know the reason for the behavior

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Indian currency day has come again, a strong Indian currency after 9 years! Know the reason for the behavior

The loss was overshadowed by the Indian currency. So much so that the value of the Indian Rupee has increased. But there is a particular reason for such an increase. The dollar fell sharply as the data came in, with US inflation figures showing inflation weaker than expected. On the other hand, the Indian currency strengthened which resulted in the Indian currency trading at Rs 80.75 per dollar during the Friday morning session. It’s the loudest opening of all time.

The Indian currency had such an opening in 2013. However, the opening of the Indian currency on the last trading day spread many positive vibes. There was an increase of 10 paise from the day before which was the biggest open in the last 9 years. As the market opened today, trading started between Tk 80.6788 and Tk 80.7525 and the closest support level was Tk 80.50.

In this case, however, market experts believe that if the US Dollar reaches 81.91 Tk, the price of the Rupee will rise as the support level of the Rupee is already at 80.50 Tk, while the psychological level is of 80. Everyone is pretty optimistic about how the market traded throughout the day on Friday, which is to say the reason for that is the reduction in inflation in the United States. United, which resulted in an increase in money in the international market.

We noticed that the stock market fell throughout October. Indeed, the inflation figures in the United States were significantly lower than expected and the dollar index fell below 108. But after all these bad times, experts consider the increase of 110 paisa in terms of dollar today as a positive. After so long, the stock market will strengthen again.

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