Last Update: Sep 26, 2022.

Submitted by: Geraldine Belcher
Score: 98/100 (52 votes)


Why the rupee is likely to fall further?

Inflation and capital outflows could depress the currency. All is not well when it comes to India's trade deficit and value of the Indian rupee. While the trade deficit has widened to a record $25.63 billion in June, latest data suggests the rupee for the first time has crossed the 80 mark against the US dollar.27 Jul 2022

MUMBAI, Sept 22 (Reuters) - The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low of 80.2850 per U.S. dollar, down from 79.9750 in the previous session.4 days ago

Why has the rupee fallen? The rupee has plunged nearly 6.5% since the start of the year and the fall is mainly due to high crude oil prices, a strong dollar overseas, and foreign capital outflows.

Why is the rupee falling? The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. Brent crude futures, the global oil benchmark, jumped 0.72 per cent to $123.15 per barrel.

Why Rupee Is Falling, How Will It Affect You?

Why is the rupee falling? The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. Brent crude futures, the global oil benchmark, jumped 0.72 per cent to $123.15 per barrel.

Why Rupee Is Falling, How Will It Affect You?

According to Crisil Ratings, the domestic currency is likely to settle at 76.5 against the American currency in March 2022. "The rupee is already reacting to the external tensions and, we believe, will depreciate further and settle around 77.5/USD by March 2023.

The rupee's fall is not happening as a result of the weakening rupee but because of the strengthening of the dollar. The Chinese credit crisis and global fuel crisis are likely to hit emerging economies harder than others.

As the dollar rate today continues to become stronger against the Indian rupee, many economists believe that the dollar to rupee is likely to reach 79.5 INR/1 USD in 2022. The USD to rupee continues to rise, making now a great time to send money overseas.

Rupee Faces Risk Of Further Decline To 82 Vs USD In Near Term: Experts

With dollar outflow and elevated level of crude oil prices, the rupee would see further depreciation. Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation, economists said.

Rupee Faces Risk Of Further Decline To 82 Vs USD In Near Term: Experts

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.

Why Rupee Is Falling, How Will It Affect You?

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.

Why Rupee Is Falling, How Will It Affect You?

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.Jul 22, 2022

The main reason for this fall in the rupee is the rise in crude oil prices, foreign investors withdrawing money from the Indian market and the monotonous environment of domestic business. The rupee is falling day by day.Jul 22, 2022