Indian rupee depreciates historically | Dynamics

New Delhi: The Indian rupee depreciated to an all-time low of 78.29 against the US dollar yesterday. Experts say such a decline comes as the dollar strengthens in the global market.
In a bid to curb inflation, the US Federal Reserve has strengthened expectations of a further rise in interest rates. Thus, the dollar is strengthening. In addition, as the US interest rate rises, foreign investors continue to pull out of the Indian market.
So far this month, about Rs 40,000 crore of foreign investment has been taken out. Due to this, the rupee is weakening. In addition, rising crude oil prices have weighed on the rupee’s gains.

New Delhi: The Indian rupee depreciated to an all-time low of 78.29 against the US dollar yesterday. Such a decline comes in the wake of the dollar strengthening in the global market

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