Rupee at record low But after all, there is only one question in everyone’s mind that its effect on the stock market. If you are also worried about this, then the opinion of experts can be very helpful for you. Against the dollar, the rupee is still trading at Rs 83.075 with a weakness of 5 paise. Tell us what will be the impact of this rupee weakness on your stock market.
So far the dollar has fallen, but the stock market has not
According to these statistics, from January 1, 2022 this year until now, the rupee has broken 11 percent against the dollar. On the other hand, if the nature of the market is known, then the story is quite different. Since January 1, 2022, the Nifty has fallen by just 1 percent. If there is a good meeting one day, then this decrease can also be increased.
Foreigners are taking advantage of the weak rupee
Due to weakening of the rupee against the dollar, foreign investors are benefiting twice in the country and triple in the US. This thing can be understood in this way that if a few days ago a foreign investor bought a share of Rs 75, then he has to pay 1 dollar at that time. On the other hand, if the share is worth Rs 100 at this time, find out how much the foreign currency will earn. In that case, for 100 rupees, they are getting 1.20 dollars. At the same time, when a foreign investor takes this dollar to America, he is getting more attention there than before. This is why foreign investors have sold shares worth around Rs 1.76 lakh crore since the beginning of this year.
So why isn’t the stock market falling
The stock market of India is the only one in the world, which has not fallen even after the strengthening of the dollar. The main reason for this is that investors in this country are investing more through mutual funds. Apart from this, insurance companies are collecting more money in their ULIP plans. At the same time, more money is coming into the stock market through NPS. This investment is more than a withdrawal from foreign investors. This is why mutual fund companies and insurance companies still have a lot of money so that if foreign investors are selling shares, their shares can be bought when they are standing.
What will happen?
With the amount of money that ordinary people of the country are investing in the current market at this time, one thing is certain that the market will not end due to the fall of the rupee. At the same time, as soon as the global crisis is over, foreign businessmen will come again. In that case, they have to buy the shares at a higher price. Perhaps at that time the money of the national union would also be selling and making a profit. In that case, experts think that due to the fall of the rupee against the dollar, at the moment, the stock market cannot make a worse place.
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Depreciation of rupee against dollar does not affect the stock market to know why
Nifty and Sensex are not registering a fall even as foreign traders withdraw funds from the Indian stock market.
Article first published: Thursday, October 20, 2022, 15:08 [IST]