Rupee vs Dollar: Today, the rupee has shown a low of Rs 80 per dollar in the opening for the first time against the dollar. The signs of breaking these psychological levels were visible for several days, but today the rupee has gone below Rs 80 per dollar and has put currency traders in great despair. With this, the rupee is seen trading with a huge decline of 7 percent this year.
How was the start of Rs.
The rupee had touched a low of Rs 80.01 per dollar in the opening trade, while yesterday it closed at Rs 79.97 per dollar. Today the rupee has touched a low of Rs 80.05 per dollar.
Today the fluctuations in the rupee
Today the rupee had gone down to the level of Rs 80.05 per dollar in the early trade, but now it is seeing an increase of 11 paise. At 9.56 am, the rupee is seen rising by 11 paise at Rs 79.94 against the dollar.
Why is the rupee falling
Due to the recent rise in crude oil prices in the global market and the Russo-Ukraine war, the Indian currency is under pressure and due to its effect, the Indian rupee is seeing a steady decline. At the same time, after the inflation rate in the US reached the highest levels of 41 years, there is speculation that the Federal Reserve may increase interest rates by one percent. Due to its effect, the demand for dollar is increasing and the rupee is seeing a fall in comparison.
Yesterday Finance Minister Nirmala Sitharaman gave clarification in Parliament
Yesterday, Finance Minister Nirmala Sitharaman, in a written reply to a question in the Lok Sabha, admitted that there has been a historic fall in the rupee against a dollar. He said that the rupee has depreciated against the dollar due to Russia-Ukraine war, rise in crude oil, tightening of global financial situation.
read this also
Stock Market Opening: Slow start of the stock market, Sensex slipped more than 250 points, Nifty came below 16200
Edible Oil Price Reduced: Adani Wilmar slashes edible oil by up to Rs 30 per liter, know latest rates