Why rupee is falling down

And, nothing comes without a cost. The country spends more money on these importing of fuels as compared to others. According to various reports done by energy researchers and consultancy firms, the intake has been almost double this year as per the year of The consumption and the demand of fuels are constantly growing on daily basis.

Thus, the civilians are facing the rise in the cost of the fuel. If we talked about Turkish Crisis, it was the free falling of Lira—the Turkish currency—which accelerated the devaluation of Rupee.

The reason has fallen to be the deterioration in the ties between Turkey and US government over increasing influence of the President Tayyip Erdogan on overheated economy. This has one way or another leading into hammering emerging market currencies such as rupee. Imports too plunged 3.

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Know positives, negatives and risk factors before investing in US IT stocks. Stock Market. Coronavirus Live News Updates: At 12,, India records lowest single-day rise in days; deaths; Active cases lowest in days; Kerala top contributor. Check dates, lot size, bid details, issue size. Massive infra boost! Rupee gains vs dollar as oil prices drop, gilts steady The domestic currency on Thursday settled at Rupee slips 13 paise to close at Rupee recovers end stronger as exporters sell dollars; gilts fall The Indian currency had opened the day at Rupee ends lower; exporter dollar sales cushion fall The rupee on Thursday settled at Rupee falls 8 paise to close at Rupee falls 23 paise to close below level against US dollar At the interbank foreign exchange market, the local currency opened at Rupee ends 15 paise lower at Cross Currency Is long term rupee weakness evitable?

Rupee slips 4 paise to close at Rupee rebounds 23 paise to close at Rupee slumps 26 paise to close at Rupee recovers 13 paise to close at Cross Currency Decoupling of forex and equity markets, rare but not impossible! Rupee falls 18 paise to Rupee rises 6 paise to Rupee inches 2 paise higher to close at Bearish bets soften on Asian forex as US dollar eases Investors unwound their bearish bets on the Indian rupee to be slightly bullish for the first time since mid-June, with the currency appreciating 0.

Rupee inches 4 paise higher to Indian rupee at three-week low on dollar rally; RBI buying suspected The partially convertible rupee was trading at Rupee inches 2 paise higher at Rupee snaps 3-day winning streak, drops by 10 paise to Rupee recovers by 7 paise to settle at Indian rupee remained among better performing Asian currencies in Thakur Minister for State for Finance Anurag Thakur said India enforced one of the most stringent lockdowns during April-June, , compared to other key Asian countries and the contraction in gross domestic product GDP is consistent with the effect of the stringent lockdown.

Indian rupee hits 9-month low on growth worries; bonds await buyback results The partially convertible rupee was at Rupee slips by 5 paise to Rupee slips by 7 paise to Rupee falls by 6 paise to Rupee edges higher by 4 paise to Rupee rises by 9 paise to Rupee surges by 12 paise to Rupee falls by 10 paise to Rupee falls by 34 paise to Rupee falls by 15 paise to Rupee falls by 33 paise to Rupee rises by 5 paise to Rupee climbs 13 paise to A surging US dollar to hit Indian rupee The rupee is likely to edge lower against the US dollar as traders are likely to buy the latter after a clear mandate in the US presidential election eliminated political and fiscal uncertainty in that country.

Rupee slips by 14 paise to Rupee rises by 3 paise to Rupee falls by 9 paise to Rupee rises by 3 paise against US dollar At the interbank foreign exchange, the rupee opened at Indian rupee opens 5 paise lower against US dollar The dollar index rose 0.

Rupee falls for 2nd day, declines by 28 paise to Rupee rises by 8 paise to Rupee rises by 18 paise to Indian rupee trades 3 paise higher against the US dollar The rupee opened at Rupee surges 17 paise to close at Rupee inches higher by 4 paise to What's behind the rebound in rupee? Forex market to remain closed for Buddha Purnima On Tuesday, the rupee strengthened by 19 paise to end at Rupee rises by 15 paise to Rupee rises by 7 paise to Rupee rises by 6 paise to Rupee falls 17 paise to Rupee falls by 18 paise to Rupee rallies 18 paise to Rupee gains for 2nd straight day; settles 27 paise higher at Rupee rises 18 paise to Rupee rises 7 paise to