Rupee reaches 19 months low level against US dollar
Wednesday - June 27, 2018 1:03 pm ,
Category : WTN SPECIAL
Soon face Inflation, rupee gets weaker against US dollar
JUNE 27 (WTN) – The petrol and diesel may be expensive in the coming days, as the rupee has fallen to a low of 19 months against the US dollar. In today's trading, the rupee lost 33 paise and reached to Rs. 68.58 against the US dollar. For your information, let you know that this is the rupee's biggest fall since November 29, 2016 against US dollar. According to financial experts, the rupee has fallen due to the demand for the dollar by importers and banks.
On Tuesday, the rupee had fallen 11 paise and closed at 68.24 against the dollar, while the rupee fell 29 paise and closed at 68.13 against the dollar on Monday. Today, the rupee opened at 68.42 levels and reached levels of 68.58, according to experts, rupee was firmly under pressure on the dollar against other major currencies, which led to rupee weakening against the dollar. However, the initial rise in the domestic stock market tried to stop the fall.
It is believed that due to rising crude oil prices in the international market, rupee has weakened against the US dollar due to fear of rising fiscal deficit and inflation. Let you know that oil prices have increased on Tuesday because the US has put pressure on its colleagues to stop importing all kinds of oil from Iran by November. It is believed that this is why oil prices have increased and the rupee weakened against the dollar.
If the rupee weakens against the dollar, then it is feared that the import of crude oil will be expensive, which can increase the prices of petrol and diesel once again. If diesel prices go up, it is natural that the cost of transportation will increase, which will make domestic goods costlier along with other items. With the rupee weakening, all such things like cars, computers and smart phones will be expensive.
JUNE 27 (WTN) – The petrol and diesel may be expensive in the coming days, as the rupee has fallen to a low of 19 months against the US dollar. In today's trading, the rupee lost 33 paise and reached to Rs. 68.58 against the US dollar. For your information, let you know that this is the rupee's biggest fall since November 29, 2016 against US dollar. According to financial experts, the rupee has fallen due to the demand for the dollar by importers and banks.
On Tuesday, the rupee had fallen 11 paise and closed at 68.24 against the dollar, while the rupee fell 29 paise and closed at 68.13 against the dollar on Monday. Today, the rupee opened at 68.42 levels and reached levels of 68.58, according to experts, rupee was firmly under pressure on the dollar against other major currencies, which led to rupee weakening against the dollar. However, the initial rise in the domestic stock market tried to stop the fall.
It is believed that due to rising crude oil prices in the international market, rupee has weakened against the US dollar due to fear of rising fiscal deficit and inflation. Let you know that oil prices have increased on Tuesday because the US has put pressure on its colleagues to stop importing all kinds of oil from Iran by November. It is believed that this is why oil prices have increased and the rupee weakened against the dollar.
If the rupee weakens against the dollar, then it is feared that the import of crude oil will be expensive, which can increase the prices of petrol and diesel once again. If diesel prices go up, it is natural that the cost of transportation will increase, which will make domestic goods costlier along with other items. With the rupee weakening, all such things like cars, computers and smart phones will be expensive.
