New Delhi. The rupee has reached its lowest level ever against the dollar. On Tuesday, the Indian rupee fell by 9 paise against the US dollar, which is an all-time low. Due to the strengthening of the American currency, it fell by 9 paise to 85.19 on Tuesday. The rupee had closed at 85.08 on December 19, 2024, after which further decline was seen on Tuesday.
Why is the rupee weakening?
Regarding the fall of rupee, experts say that this has happened due to the strengthening of dollar and rising prices of crude oil. According to foreign currency traders, the rupee is continuing its decline due to the increase in crude oil prices due to demand for the US dollar and geo-political uncertainties. Indians will have to suffer losses due to fall in rupee. Delhi will see fierce weather for the next 3 days, read IMD's latest update immediately. Delhi Traffic Police issued advisory regarding Christmas, diverted routes.
will be hit by inflation
Traveling and studying abroad has now become expensive. For example, when the value of rupee was 60 against the dollar, Indian students used to get 1 dollar for 60 rupees, but now they will have to spend 85.06 rupees for one dollar. Because of this, their fees, accommodation and other things will become expensive. Let us tell you that if we have less dollar then the rupee will weaken and if it increases then it will become stronger. Due to the fall of rupee the prices of goods will also increase. The price of petroleum and gold will increase. A beautiful woman came and started living in the Prime Minister's residence, how the PM of India remained a bachelor for a married princess, the Atal government had fallen by just one vote, when the eloquent Vajpayee became the Prime Minister for 13 days…
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