Rupee vs Dollar: The Indian currency rupee opened with a big fall during the first trading session of this week. The rupee hit its all-time low on Monday. The rupee also crossed the level of Rs 80 against the US dollar and this caused panic in the Indian market. Let us tell you that the Indian currency broke its previous records and made a new record. The rupee touched a level of Rs 80.15.
Rupee depreciates 19 paise
The rupee has lost 19 paise in the opening session of trading on Monday. With this, the rupee has gone beyond the price of Rs 80. At the same time, the rupee had opened at a level of more than Rs 79 in the last trading session. At the same time, the US currency dollar crossed the level of 109 in the dollar index against the world’s major 6 currencies. The continued strength of the US dollar and a rise in crude oil prices took its toll on the Indian currency and touched its all-time low.
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At the same time, the Federal Bank of America has made a big announcement to control the ever-increasing inflation in America. The Federal Bank said the central bank would continue raising rates until inflation was brought under control. Also, this will be done after taking into account all the risks and due to the increased price increase. For this reason, the dollar price continues to rise and the rest of the currencies continue to fall. At the same time, after such a fall in the rupee, there was a lot of turmoil in the Indian stock market. Also, its effect was clearly seen on the Asian stock market.
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