With Trump’s defeat, the fear of the dollar ends! After 200 days, the rupee saw a golden day

The rupee has once again registered a strong surge against the US dollar. If we look at the data, after almost 200 days, the rupee has strengthened from the level of 94 to the level of 93. The special thing is that in the last 7 trading days, the rupee has seen an increase of 1.31 percent against the dollar. Since the fall in crude oil prices, buying by foreign investors and the defeat of Donald Trump in the US mid-term elections. After that, there is a rise in the rupee. According to the informants, the rupee may be seen at the level of 90 against the dollar in the coming days. Let us also tell you what kind of figures have been seen in the dollar against the rupee.

The rupee is rising against the dollar

Against the US currency, the rupee closed at 93.98 per dollar with a strong gain of 43 paise on Friday. The rupee gained momentum due to a weaker trend in the US dollar, lower crude oil prices and easing concerns over import costs, as business sentiment among investors strengthened. A rally in domestic stock markets and fears of a slowdown in spending on artificial intelligence also strengthened sentiment against the rupee, according to foreign exchange traders. The rupee opened at 94.50 per dollar in the interbank foreign exchange market. It touched a high of 93.82 and a low of 94.50 against the US dollar during trading. It finally closed at 93.98 per dollar, up 43 paise from the previous close. The rupee gained five paise to close at 94.41 against the US dollar on Thursday.

The rupee is near a 200-day high

Looking at currency market data, the rupee has hit a 200-day high against the dollar. The last time the rupee was seen better than the 94 level was on 22 April 2026. Then the rupee was seen at the level of 93.80 against the dollar. The special thing is that the rupee has increased by 1.31 percent against the dollar in the last 7 trading days. If we look at the figures, on October 28, the rupee was seen at the level of 95.23 against the dollar. This means a 1.31 percent decline against the dollar since then.

How was the market?

• Meanwhile, the dollar index, which tracks the dollar’s position against six major world currencies, rose 0.49 percent to 102.04.
• Brent crude, the international oil standard, rose 2.04 percent to $100.30 a barrel in futures trade.
• In the domestic bourse, the Sensex rose 1,718.01 points to close at 81,028.02 points and the Nifty rose 493.75 points to close at 25,030.35 points.
• According to stock market data, foreign institutional investors (FIIs) were net buyers in the market. On Friday he paid Rs. 13,749.82 crore worth of shares were bought.

What do the experts say?

Anuj Chaudhary, research analyst at Mira Asset Sharekhan said, “We expect the rupee to trade on a positive note due to strength in domestic markets and increase in investment by foreign institutional investors (FIIs). A weaker trend in the dollar and a drop in US bond yields after the mid-term elections in the US could also support the rupee. However, he said tensions between Ukraine and Russia and attacks in West Asia could prevent the rupee’s rapid rise. Chaudhary said that the spot exchange rate of the rupee against the dollar is expected to be in the range of 93.65 to 94.20.