Explained | Why the Indian Rupee is depreciating
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On 19th July, the Indian
On 19th July, the Indian rupee hit an all-time low exchange rate of 80 against the US dollar in early trade. The government said that its value had fallen by 25% since 2014.
The rupee's fall has been mainly due to a rise in crude oil prices, a strong dollar overseas and persistent foreign capital outflows. The backdrop of heated inflation, prolonged lockdowns in China, the monetary tightening campaign of the key central banks, and supply chain disruptions caused by the Russia-Ukraine war have led to steep depreciation of the rupee against the dollar.
Watch this video to understand what currency exchange rate is and how it works and the factors behind the rupee fall.
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The rupee's fall has been mainly due to a rise in crude oil prices, a strong dollar overseas and persistent foreign capital outflows. The backdrop of heated inflation, prolonged lockdowns in China, the monetary tightening campaign of the key central banks, and supply chain disruptions caused by the Russia-Ukraine war have led to steep depreciation of the rupee against the dollar.
Watch this video to understand what currency exchange rate is and how it works and the factors behind the rupee fall.
Download the all-new Business Standard app:
https://bit.ly/App-BS
Join us:
Facebook: bsindia
Twitter: bsindia
Instagram: business.standard
2 سال پیش
در تاریخ 1401/04/28 منتشر شده
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