Rupee at record low, fell 42 paise to 80.38 against US dollar – न्यूज़लीड India

Rupee at record low, fell 42 paise to 80.38 against US dollar


Business

oi-Ashutosh Tiwari

,

Updated: Thursday, September 22, 2022, 10:58 [IST]

Google Oneindia News

New Delhi, 22 September: There has been a big fall in the Indian rupee, where it fell 42 paise to 80.38 against the US dollar as soon as trading started on Thursday morning. With this, the rupee has reached the lowest level ever. Earlier on Wednesday, the Indian rupee closed at 79.9750 against the US dollar, while trading started at 79.79 on Wednesday morning. As soon as the rupee reaches the low level, the opposition has got an opportunity to attack the central government.

Rupee

In fact, the dollar index had reached 110.87 on Wednesday, which is the highest level of two years. After this, the US central bank Federal Reserve announced to increase interest rates by 0.75 percent. He has taken this step to control inflation. The bank’s benchmark funds rate has increased from 3% to 3.25% after the third consecutive increase. According to experts, interest rates can go up to 4.6 percent by 2023, which will affect the economy of the whole world.

Why is the dollar getting stronger?
Actually, America’s economy is performing well after the Corona epidemic. There the inflation rate is high and the employment situation is also strong. Apart from this, other sectors are also doing well. Apart from this, the Federal Reserve is also taking many tough steps to control inflation, due to which the dollar is continuously strengthening.

India, America and China will lose trillions due to obesityIndia, America and China will lose trillions due to obesity

What does dollar strength mean?
If you go to America you have to buy dollars before that. After the strengthening of the dollar, now you have to pay 80.38 rupees to buy one dollar. At the same time, if an American comes to India, then he will get 80.38 rupees for one dollar. International trade is most affected by the strength of the dollar, as India trades with most countries in dollars.

  • What steps have the Modi government and RBI taken to save the rupee from falling? Where is the problem, know
  • India will benefit as soon as Rupee becomes international, billions of dollars will come, the government’s masterstroke
  • RBI’s big decision, now there will be international trade settlement in Indian Rupee
  • Rupee reached 78 against one dollar for the first time, crude oil prices increased dollar price
  • Rupee reaches lower level against dollar, situation worsens ahead
  • How the dollar becoming stronger is bad for the world economy
  • After a steady decline, the market recovered today, the rupee also strengthened by 12 paise
  • Rupee lowers on inflation risk, worries RBI
  • Rupee showed strength today after continuous decline, reaching 77.19
  • ‘Modi ji will not criticize blindly like BJP, falling rupee is good for exports’: Rahul Gandhi
  • Heavy fall in stock market continues, rupee reaches its record low
  • VIDEO: A person reached the showroom with a sack of coins, wanted to take a scooter, see what happened then

english summary

Rupee at record low, 80.38 against US dollar

A note to our visitors

By continuing to use this site, you are agreeing to our updated privacy policy.