Thursday, May 10, 2012

today US dollar value

Today US $ value is above INR 53 per unit, touching almost Rs. 54 at its highest. The weakening if Indian rupee is due to huge dependency of foreign investments which is quite a huge part in indian economy. Also exchange rates are dependent on buy/sell goods and conversion country's economy. Likely hints and statements from governing regulatory like RBI India can affect sensex. About 20% of sensex is decided by 2 major indian companies, Reliance and Infosys.

Weakening of rupee is majorly governed by sensex rise fall. This rise has badly affected imports of crude oil as they are traded in US dollars. Beneficiary are export products but india relies more on import than export till now.

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