Rupee Vs Dollar: Rupee crosses 80 for the first time, has broken 25 percent since 2014

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The rupee has crossed the psychological mark of 80 per dollar for the first time on Tuesday. The rupee has depreciated about seven percent during the last one year.

The currency is trading at Rs 80.0175 per dollar in the opening market on Tuesday, falling from 79.9775 compared to its previous trading day on Tuesday. According to market experts, the rupee can trade in the range of 79.85 to 80.15 on Tuesday.

Let us tell you that Finance Minister Nirmala Sitharaman had said a day ago on Monday itself that the prices of Indian rupee have fallen by 25 percent against the US dollar since December 2014.

The Finance Minister had also said that the reason for the depreciation of the rupee in recent days is the rising crude oil prices in the international markets and the ongoing war between Russia and Ukraine since February last.

During this, the Finance Minister has also said that in the last few days, the British pound, the Japanese yen and the currency of the European Union have weakened more against the Euro dollar than the Indian currency. Indian currency has strengthened in comparison to the currency of these countries.

Rupee falling due to rising inflation in America

According to market experts, in the last few months, investors around the world are preferring to invest in the relatively safe US market in view of the fear of recession in the European Union markets, which is why the dollar is constantly comparing the currencies of European Union and Asian countries. I am getting stronger. Due to the rising inflation in America, the investors there are reducing their investment from foreign countries and putting them in the domestic market, due to which the dollar is getting stronger.

Rupee may remain under pressure for a few days

According to market experts, there will be some pressure on the rupee for a few days, but the country has a very good forex reserve ($ 575 million), due to which the Reserve Bank is able to handle the situation. Hopefully soon RBI will intervene in this matter.

Such a broken rupee in a month

July 19- 80.01/dollar
July 14 – 79.94/dollar
July 13 – 79.68/dollar
July 12 – 79.65/$
July 5 – 79.37/dollar
July 1 – 79.12/dollar
June 28 – 78.57/dollar
June 22 – 78.39/dollar

Rupee weakening due to rise in crude oil prices

Rupee is depreciating due to rising crude oil prices in the global market. Crude oil prices are seeing a jump of up to five percent in the global market after Saudi Arabia failed to fulfill its promise of increasing crude oil production.

Due to this the rupee is depreciating against the dollar. According to media reports, Saudi Arabia is not able to fulfill the promise made with US President Joe Biden, due to which crude oil is becoming expensive in the market. As crude oil is getting costlier, dollar is getting stronger and rupee is weakening.

Expansion

The rupee has crossed the psychological mark of 80 per dollar for the first time on Tuesday. The rupee has depreciated about seven percent during the last one year.

The currency is trading at Rs 80.0175 per dollar in the opening market on Tuesday, falling from 79.9775 compared to its previous trading day on Tuesday. According to market experts, the rupee can trade in the range of 79.85 to 80.15 on Tuesday.

Let us tell you that Finance Minister Nirmala Sitharaman had said a day ago on Monday itself that the prices of Indian rupee have fallen by 25 percent against the US dollar since December 2014.

The Finance Minister had also said that the reason for the depreciation of the rupee in recent days is the rising crude oil prices in the international markets and the ongoing war between Russia and Ukraine since February last.

During this, the Finance Minister has also said that in the last few days, the British pound, the Japanese yen and the currency of the European Union have weakened more against the Euro dollar than the Indian currency. Indian currency has strengthened in comparison to the currency of these countries.

Rupee falling due to rising inflation in America

According to market experts, in the last few months, investors around the world are preferring to invest in the relatively safe US market in view of the fear of recession in the European Union markets, which is why the dollar is constantly comparing the currencies of European Union and Asian countries. I am getting stronger. Due to the rising inflation in America, the investors there are reducing their investment from foreign countries and putting them in the domestic market, due to which the dollar is getting stronger.

Rupee may remain under pressure for a few days

According to market experts, there will be some pressure on the rupee for a few days, but the country has a very good forex reserve ($ 575 million), due to which the Reserve Bank is able to handle the situation. Hopefully soon RBI will intervene in this matter.

Such a broken rupee in a month

July 19- 80.01/dollar

July 14 – 79.94/dollar

July 13 – 79.68/dollar

July 12 – 79.65/$

July 5 – 79.37/dollar

July 1 – 79.12/dollar

June 28 – 78.57/dollar

June 22 – 78.39/dollar

Rupee weakening due to rise in crude oil prices

Rupee is depreciating due to rising crude oil prices in the global market. Crude oil prices are seeing a jump of up to five percent in the global market after Saudi Arabia failed to fulfill its promise of increasing crude oil production.

Due to this the rupee is depreciating against the dollar. According to media reports, Saudi Arabia is not able to fulfill the promise made with US President Joe Biden, due to which crude oil is becoming expensive in the market. As crude oil is getting costlier, dollar is getting stronger and rupee is weakening.

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