The rupee has fallen about nine percent so far in FY-19 and has been one of the worst performing Asian currencies. Investors have been pulling out of emerging markets on the back of a stronger US economy. India needs foreign investment to arrest the free fall of Indian rupee that has hurt the economy. The concerns in our economy due to fluctuations in rupee-dollar exchange rate, we need foreign funding at huge scale.
- The Indian rupee depreciated this week by ₹1.21 compared with the previous week close.
- Last week Indian rupee closed at ₹69.59 with a gain of 0.25 paisa.
- Current week i.e. on Friday closed at ₹70.80 with the gain of 0.10 paisa.
- Highest gain 0.10 paisa on 07th Dec 2018 and highest fall 0.86 paisa on 03rd Dec 2018.
