New Delhi. The weakness of the Indian currency rupee is continuously increasing. Today the Indian currency fell by 49 paise to a record low of Rs 95.34.
The pressure on the rupee is continuously increasing due to ongoing tension in West Asia, rise in crude oil prices, increase in dollar demand from importers due to the last day of the month and foreign investors withdrawing their money by indiscriminate selling in the Indian stock market.
Due to this pressure, the Indian currency once again fell below the level of Rs 95 against the dollar in the Interbank Foreign Exchange Market. For the first time since March 30, the price of the Indian currency has gone below the level of Rs 95 per dollar.
After trading till 11 am, the Indian currency was trading at Rs 95.30 with a weakness of 45 paise against the dollar. Before this, on the last trading day on Wednesday, the Indian currency had closed at the level of Rs 94.85 per dollar.
Today the rupee also started trading by crossing the level of Rs 95. Since its inception, the Indian currency has continuously remained above the level of Rs 95 per dollar.
In the Interbank Foreign Exchange Market, the Indian currency started trading this morning at Rs 95.02 with a weakness of 17 paise or 0.18 percent against the dollar. After the start of today’s trading, the rupee continued to weaken.
In the currency market trading so far, the rupee has performed weakly against the dollar as well as the British pound (GBP) and euro. After trading till 11 am, the rupee was trading at 111.16 with a weakness of 22.45 paise against the euro.
Similarly, against the British Pound (GBP), the rupee was trading at 128.36, down by 28.22 paise after 11 am.
Comments are closed.