Indian Rupee Weakens Below 68 vs The US Dollar For No Fault Of India…

Indian Rupee Weakens Below 68 vs The US Dollar For No Fault Of India...
Photo courtesy: Google

The Indian rupee to the US dollar exchange rate floats freely with the exchange rate or price changing just like the price of commodities, vegetables and others change. We don’t have a fixed exchange rate like some countries have with the US dollar.

After a long-time, the Indian rupee weakened below Rs. 68 per dollar due to several reasons: fears of a global trade war; such fears are causing people to panic and they in turn are selling indian rupees and other currencies and buying the US dollar; foreign investors are selling or shall we say dumping assets to recover their home currencies; higher oil prices are also putting pressure on the Indian rupee. All this is despite India’s strong economy and increasing interest rate. SO EXPECT THE INDIAN RUPEE TO FURTHER WEAKEN BEFORE BECOMING STRONGER...

Source: Money Control

Visit www.werindia.com OR Hindi.werindia.com to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |



     
  • 18 Jun 2018
  • WerIndia

Leave a Reply


Recommended for you

Your Opinion

In 1989-90, with Rajiv Gandhi as PM and Farooq Abdullah as CM, 400,000 Kashmiri Pandits, Sikhs & Others FACED GENOCIDE - were slaughtered or forced to leave Kashmir overnight. "The Kashmir Files" shows only a small part of this. Should a Kashmir Genocide Law be made and the atrocities be fully investigated?

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

1989-90 में, राजीव गांधी के प्रधान मंत्री और फारूक अब्दुल्ला के मुख्यमंत्री के रूप में, 400,000 कश्मीरी पंडितों, सिखों और अन्य लोगों को नरसंहार का सामना करना पड़ा - या तो रातों-रात कश्मीर छोड़ने के लिए मजबूर होना पड़ा । "द कश्मीर फाइल्स" इसका एक छोटा सा हिस्सा ही दिखाता है। क्या कश्मीर में हुए नरसंहार पर कानून बनाया जाना चाहिए और अत्याचारों की पूरी जांच होनी चाहिए?

View Results

Loading ... Loading ...

View Older Polls