There was a big fall of 89 paise in the rupee against the dollar, which is the biggest fall in 4 months. There is a possibility that the US Central Bank Federal Reserve may once again increase the interest rates.
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The declining trend is being seen once again in the Indian currency rupee. On Monday, a big fall of 89 paise was seen in the rupee against the dollar, which is the biggest fall in 4 months. There is a possibility that the US Central Bank Federal Reserve may once again increase the interest rates. Because of this possibility, the American currency dollar is seeing a boom. The dollar index has again recovered to reach above 103, which came down to 100 last week. The pressure on the rupee is being seen only because of the rise in the dollar. Apart from this, due to the selling of foreign investors in the Indian stock market, there is pressure on the rupee.
