Indian rupee breached 74-mark against the US dollar

₹ vs US$

As we are seeing rupee depreciated around 15 per cent this year till now and which stood as one of the worst performing currencies around the globe. As per the expert’s opinion, rupee value is depreciating due to high rise in crude oil prices which affect Indian markets drastically. This slump leads to disrupt in trade balances, imbalances in the fiscal deficit and pose an upside risk of inflation. Rupee slipped to a record low 74.16 per dollar, down 0.58 paisa from previous close 72.58 per dollar. It opened marginally lower in the early trade. Rupee continues to remain under pressure and sell-off in equity markets, strength in the dollar and a surge in global crude oil prices contributes to weakness in the currency.

  • The Indian rupee impaired this week by ₹1.28 compared with the previous week close.
  • Last week Indian rupee closed at ₹72.48 with a loss of 0.28 paisa
  • Current week closed at ₹73.77 with the loss of 0.19 paisa
  • No gains reflected for the week and highest fall 0.43 paisa on 01st and 03rd Oct 2018 respectively.

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