By laksh5382 
Rupee 35 money below 85.59 per USD on Monday with Trump Mutual tariff Crying global financial markets including Indian equity markets.
The Indian unit was closed at 85.2350 last Friday, moving beyond 84.96/USD ahead of 85 points. After touching the low/high of 85.7025/85.5550, currently trading at 85.6350.
CR Forex Advisors, MD, MD, MD, MD, said: “Despite the current weakness, the long -term approach to the rupee remains creative, in which the major auxiliary factors are with a fall in crude oil prices towards 64 levels (a boon for India’s trade balance); India’s manufacturing PMI increased to 58.1 in March,Indication of strong factory production and strong economic activity. ,
In addition, domestic liquidity has improved (India’s banking system has reached a surplus of ₹ 1.93 lakh crore due to lack of liquidity, which is making a more favorable macro backdrop for rupees) and a change in US economic data (with a change of about 90%, with a change in about 90%.
Pabri noticed that in the near period, a reversal is possible towards the level of 86.00–86.20, as a strong support on the negative side with 85.00.A decisive brake below this support can pave the way for a deep appreciation phase.
Meanwhile, the yield for a 10-year-old benchmark government safety (6.79 percent GS 2034) is currently trading at 6.4875 percent, about 3 BPS, against the previous close close of 6.46 percent, due to the expectations of manufacturing inflation pressure in the economy due to global tariff war, and the possibility that RBI may make dollar useless to sell dollars.
Published on 7 April 2025