Depreciation of Rupee on Rise
The increase in the value of the dollar could not stop, the price of the American dollar increased by 1 rupee 82 paisa.
The US dollar continued to appreciate against the rupee and the dollar continued to appreciate in the interbank market today.
According to the State Bank, the dollar has become expensive by 1 rupee 82 paise in the interbank today, after which the price of the American currency in the interbank has exceeded 229 rupees and is being sold at 230 rupees.
Despite receiving the loan tranche from the International Monetary Fund (IMF), the US dollar continues to appreciate against the rupee. According to economists, the main reason for the depreciation of the rupee is the increase and strengthening of the dollar index in the international market. Our current account deficit is under control, the rupee will appreciate in the coming days.
