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The value of rupee is falling
Highlights
The value rupee has now changed from INR 68.42 per USD to 68.15 which is an improvement, but the value of rupee is still quite near it’s all time low value of INR 68.87 per USD.
The value rupee has now changed from INR 68.42 per USD to 68.15 which is an improvement, but the value of rupee is still quite near it’s all time low value of INR 68.87 per USD.
The main reasons for the fall of the value of rupee is because of rise in prices of global crude prices,outflows from the domestic capital markets and increasing value of dollar
.
Forex advisory firm IFA Global says that the possibility of rupee’s value dropping to 70 Rs per dollar and that there is further chance of depreciation from the current levels.
Such a possibility is daunting as it would have a huge impact on Indian economy and the common man.
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