Rupee gets weakened compared to US dollar, reaches at label of 68.02
Friday - June 15, 2018 3:36 pm ,
Category : WTN SPECIAL
Weak rupee causes inflation
JUNE 15 (WTN) - After holding up for a few days, the decline in rupee has not stopped. Rupee reaches 68 level against dollar today. There was a huge fall of 40 paise in rupee today. Today Rupee reached at 68.02 level compared to US dollar. Interest rates increased in the US are expected to accelerate the dollar against the rupee. For your information, let you know that on Wednesday two days ago, the US Central Bank has increased interest rates by 25 basis points.
At one time in today, the rupee had reached level of 67.69 against the dollar. Let you know that in the past 52 weeks, rupee has weakened against the dollar to 68.55 levels, while in these 52 weeks the rupee has gone to the level of 63.25 against the dollar.
As the US Central Bank increased the interest rate, then the dollar is looking stronger. This has led to a rise in the dollar index to reach level of 95.10, which has reached the top of last seven months. The strength of the dollar is causing the rupee weakness.
With the rupee weakening against the dollar, importing crude oil will be expensive for oil companies, which can increase prices of petrol and diesel once more. In addition to petrol and diesel, goods imported from abroad such as mobile phones, televisions and other electronics items may also be expensive.
JUNE 15 (WTN) - After holding up for a few days, the decline in rupee has not stopped. Rupee reaches 68 level against dollar today. There was a huge fall of 40 paise in rupee today. Today Rupee reached at 68.02 level compared to US dollar. Interest rates increased in the US are expected to accelerate the dollar against the rupee. For your information, let you know that on Wednesday two days ago, the US Central Bank has increased interest rates by 25 basis points.
At one time in today, the rupee had reached level of 67.69 against the dollar. Let you know that in the past 52 weeks, rupee has weakened against the dollar to 68.55 levels, while in these 52 weeks the rupee has gone to the level of 63.25 against the dollar.
As the US Central Bank increased the interest rate, then the dollar is looking stronger. This has led to a rise in the dollar index to reach level of 95.10, which has reached the top of last seven months. The strength of the dollar is causing the rupee weakness.
With the rupee weakening against the dollar, importing crude oil will be expensive for oil companies, which can increase prices of petrol and diesel once more. In addition to petrol and diesel, goods imported from abroad such as mobile phones, televisions and other electronics items may also be expensive.
