What is making Rupee Gain value, in recent days??

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Indian Rupee rose to a new high of 73.40, owing to powerful FPIs Foreign Portfolio Investors. FDI and FPI, there are two types of Investment route in India.

FPIs are using foreign rate differential to bring dollars.

Incoming Dollar in India's stock market and steady growth in other Asian currencies, helped rupee to be stronger.

According to experts, in upcoming months FPIs can see a surge.

RBI's Role

When RBI buys dollars, it releases equivalent amount in Rupees, which could put pressure on inflation and yields. It would be interesting to see RBI's next move in upcoming months.

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Change in Federal Reserve's Policy:-

US has also distributed stimulus to its citizens, which brought hopes in investors, leading stock market to a new high.

New Policies will help keep interest rates lower, stimulate growth to tackle unemployment.

This will help emerging markets like India to attract more capital flow.

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