The Rupee Seems to be Deteriorating Continuously in India. The Effect of the Continued Strengthening of the Dollar is visible across the Border.
On Wednesday, the market lost Rs 61 paise against the dollar. The current Finance Minister, Nirmala Sitharaman, issued a statement saying that the rupee is not falling; the dollar is getting stronger. There has been a lot of debate in the country after this baseless statement. The same closed at Rs 83.1 per dollar after breaking 61 paise against the dollar. which is believed to be the lowest level ever in history.
This is the first time that Rs has reached beyond 83. The rupee has been falling continuously for the last few months. In a country where inflation prevails, the general public is suffering a lot due to the continuous weakening of the rupee.
The Government in Question is Due to the Poor Economy of the Country.
Due to the ever-increasing inflation in the country, the general public is very upset. The rupee is constantly falling in value. It is believed that the government appears to be a complete failure with its financial policies. The government is the target of the opposition party due to the rising rate of inflation in the country.
As we are seeing, the policy brought in continuously is also completely destroyed. Recently, the statement of the Finance Minister also became quite viral where he was heard saying that the rupee is not falling but the dollar is getting stronger.
So what should an Investor do?
In the stock market, the shares of a very big company are trading at a steep decline. In such a situation, investors can invest money in those stocks that are trading at 52-week lows. It should also be kept in mind that before buying shares, you should read the balance sheet thoroughly, as well as see how much debt the company is repaying every year and how much profit the company is making year after year.
Considering the volatility of the market, you should do swing trading for some time. Place the order by setting your stock at the trigger price of 20%. So that your profit is sold on the percentage made by you and your money gets credited to your Demat Account.
