Value of Indian rupee has fallen to an unprecedented level..!?

Sowmiya Sriram
Value of indian rupee has fallen to an unprecedented level..!?

The value of the indian rupee against the dollar has fallen to an all-time low. people are shocked as the value of one dollar has increased to Rs.80.
Today's trading is going on as the value of the indian Rupee against the US Dollar has fallen to the level of Rs.80 which has never been seen in the history of India.
The indian rupee against the dollar continues to depreciate. After two consecutive days of upswings, it started trading lower today. It opened at Rs 79.99 against the dollar and fell to Rs 80.02 in the next few minutes as trade opened in the forex market this morning. The news that the US Federal bank is going to raise interest rates and rising crude oil prices are said to be the main reasons behind the fall in rupee value.
Crude oil prices rose 5 percent in the international market yesterday after saudi arabia said earlier that it would not be able to increase crude oil production. The Federal Bank's policy meeting will be held on the 26th and 27th. It seems that the Federal bank will raise up to 100 points to control inflation in the United States.
Due to this fear, the dollar strengthens and the rupee depreciates as investors withdraw their investments. National stock market data showed that out of 50 Nifty stocks, 29 were in the green while the rest were in the red. As the rupee continues to depreciate, domestic equity markets have been hit hard.
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