By Admin 
The Indian rupee has weakened against the US dollar for some time. On Tuesday, the rupee fell 6 paise to 88.16 against the US dollar. The reason for this is said to be global economic instability, rising oil prices and a decrease in foreign investment. The Reserve Bank of India is constantly trying to stabilize the rupee, but the global pressure and dependence on imports are making it challenging. This is also affecting the general public, because imported goods like petrol, electronics and medicines are becoming expensive. But the question is whether the currencies of India’s neighboring countries are facing similar challenges? Let’s know the condition of neighboring countries.
Pakistan
Pakistan’s rupee is also going through a difficult period. The price of an US dollar has reached around 282 Pakistani rupees. The reason for this is Pakistan’s weak economy, heavy foreign debt and political instability. Despite the help from the International Monetary Fund (IMF), the chances of improving the currency of Pakistan are less visible.
Bangladesh
Bangladesh’s currency taka is also not stable. The price of an US dollar is around 120 pieces. Taka has weakened due to energy crisis and reduction in exports.
Sri Lanka
Sri Lanka’s rupee (LKR) has gone through a huge crisis in recent years. The price of an US dollar is around 300 Sri Lankan rupees. Lack of foreign exchange reserves and debt burden have weakened Sri Lanka’s economy. India has given financial assistance to Sri Lanka, but the stability of the currency is still a challenge.
Afghanistan
While India’s currency is under constant pressure, Afghanistan’s currency remains stable against Afghani (AFN) dollar. The price of an US dollar is around 69 Afghani.
Myanmar
Myanmar’s currency, MMK (MMK) has also weakened. The price of an US dollar is around 2100. Political instability and economic restrictions have weakened Myanmar’s economy.
Also read-How much is the price of 1000 rupees in the world, what can you buy from it?