The news is by your side.

Rupee at all-time low against dollar

0

Rupee vs dollar today. Today the rupee has reached a record low against the dollar. The price of one dollar is now Rs 80.11. Let us tell you that in the last close, the price of one dollar was Rs 79.97.

Rupee at all-time low against dollar

Rupee at all-time low against dollar

Dollar vs Rupee

 The rupee touched a record low against the dollar on Monday. This is the lowest level ever for the rupee against the dollar. The main reason for the fall in the rupee is the signal given by the head of the US Fed.

US Fed chief Jerome Powell said in a meeting with central bankers on Friday that it is not possible to cut interest rates to control inflation. Following these signals, the rupee weakened further. The price of one dollar is now Rs 80.11. Let us tell you that in the last close, the price of one dollar was Rs 79.97.

Rupee vs dollar today

Earlier, the rupee had broken all its previous records against the dollar last month. Then the price of one dollar was Rs 80.0650. Today’s fall has also broken the previous month’s record.

Let us tell you that the condition of the stock market is very bad even in the early trade on Monday. Sensex opened down 1466 points.

VK Vijayakumar, Geojit Financial Services, says, “Markets expected the US Fed chief to be positive. But his warnings do not bode well for people and businesses. Such austerity was less expected to reduce inflation. Let us tell you that FPI investments have increased in the last few weeks.

ALSO READ: Economy | The rupee has gained 14 paise against the US dollar in early trade

Leave A Reply

Your email address will not be published.