How US Dollar index makes impact on Indian stock market ?

The U.S. dollar index (USDX) is a trade-weighted index which is used to measure the strength of the U.S. dollar against the basket of six world currencies – Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. This index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100. The value of the index is fair indication of the dollar’s value in global markets, higher reading means a stronger dollar.

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