Rupee fell by 24 paise to reach a new record low of 90.56 against the dollar, why is the rupee falling every day?

New Delhi. There was a huge weakness in the rupee against the dollar on Friday morning and it fell by 24 paise to reach a new record low of 90.56. Uncertainty over the India-US Trade Agreement and continued outflow of foreign funds have weakened market sentiments. The fall in the rupee is showing no signs of stopping. However, the stock market is showing a rise amid the fall in the rupee.

Read :- Video: Mumbai’s don used to be famous in the 70s, now his daughter is getting ‘threats of rape and murder’, appealed to Modi-Shah

Experts believe that the rupee is under pressure due to uncertainty regarding the India-US Trade Agreement and continuous withdrawal of foreign investments. Foreign currency traders say the rupee is falling due to aggressive buying of dollars by importers amid the rise in global prices of precious metals.

India-US trade agreement

The trade agreement between India and America (India-US Trade Agreement) has reached the final stage, but still no concrete things have been revealed. It is not yet confirmed as to when the deal will be done, due to which the Indian Rupee is under pressure. The uncertainty regarding the trade deal has increased the concern for investors and businessmen, due to which investors are cautious.

Selling by foreign investors

Read :- Central government preparing to change the name of ‘MNREGA’! Will now be known as ‘Pujya Bapu Rural Employment Scheme’

One of the main reasons for the fall in the Indian Rupee is the depreciation of the Rupee. There is continuous selling by foreign portfolio investors (FPIs). Foreign investors have withdrawn Rs 2,020.94 crore from the Indian stock market a day earlier on Thursday. So far in the month of December, they have sold a total of equity and assets worth about $ 2.5 billion (Rs 22,500 crore). This selling is increasing pressure on the rupee.