Dollar is getting stronger, Rupee is weakening!!

The rupee has crossed the level of 80 for the first time in the trading session of July 19. It is believed that this fall in the rupee has come due to fears of recession in global markets, rising inflation in the US and a rise in crude oil prices. The rupee on tuesday opened weak against the dollar by four paise.

The rupee crossed the psychological mark of 80 per dollar for the first time on Tuesday. The rupee has depreciated about seven percent during the last year.

The currency was trading at Rs 80.0175 per dollar in the opening market on tuesday, falling from 79.9775 compared to its previous trading day on Tuesday. According to market experts, the rupee could trade in the range of 79.85 to 80.15 on Tuesday.

Let us tell you that Finance minister Nirmala Sitharaman said a day ago on monday that the prices of the indian rupee have fallen by 25 percent against the US dollar since december 2014.

The Finance minister had also said that the reason for the depreciation of the rupee in recent days was the rising crude oil prices in the international markets and the ongoing war between russia and ukraine since february last.

During this, the Finance minister has also said that in the last few days, the british pound, the Japanese yen, and the currency of the european union have weakened more against the euro than the indian currency. The indian currency has strengthened in comparison to the currencies of these countries.

The rupee fell due to rising inflation in America.

According to market experts, in the last few months, investors around the world have preferred to invest in the relatively safe US market in view of the fear of recession in the european union markets, which is why the dollar is constantly compared to the currencies of european union and Asian countries. I am getting stronger. Due to the rising inflation in America, investors there are reducing their investments from foreign countries and putting them in the domestic market due to which the dollar is getting stronger.

The rupee may remain under pressure for a few days.

According to market experts, there will be some pressure on the rupee for a few days, but the country has a very good forex reserve ($ 575 million), due to which the Reserve bank is able to handle the situation. Hopefully soon, RBI will intervene in this matter.

Such a broken rupee in a month

July 19- 80.01/dollar

July 14 - 79.94/dollar

July 13 - 79.68/dollar

July 12 - 79.65/$

July 5 - 79.37/dollar

July 1 - 79.12/dollar

June 28 - 78.57/dollar

June 22 - 78.39/dollar

The rupee was weakened due to a rise in crude oil prices.

The rupee has been weakening due to rising crude oil prices in the global market. Saudi Arabia's crude oil prices are seeing a jump of up to five percent in the global market after saudi arabia failed to fulfill its promise of increasing crude oil production.

Due to this, the rupee has been depreciating against the dollar. According to media reports, saudi arabia is not able to fulfill the promise made to US President Joe Biden, due to the fact that crude oil is becoming expensive in the market. As crude oil is getting costlier, the dollar is getting stronger and rupee is weakening.