Rupee reached ICU increased the concern of the government, the government became active, Nirmala told the whole plan

Indian currency: For the last few months, where on one side there is a lot of ups and downs in the stock market, on the other hand there was a big decline in the rupee and it has crossed the historic 88 level. However, RBI’s steps and GST reforms definitely helped them to get up by limiting the business of rupee. Despite this, the Indian currency remains weak in front of the dollar strength.

Why is the rupee falling?

Amidst all this, Union Finance Minister Nirmala Sitharaman has given a big statement in view of the fall in the price of the rupee. He said that the government is closely monitored by the fall of the rupee and exports are being affected very badly. The Finance Minister further said that continuous efforts are being made to reduce the impact of the fall in the rupee. In fact, the biggest reason for the biggest concern is that this year, the rupee has fallen by more than four percent so far, that is, it has come down by about Rs 3.50 from its level.

Nirmala Sitharaman said that due to the strength of the dollar, not only this decline is being seen in Indian currency, but the currency of the rest of the countries has also been badly affected. Along with this, the Union Finance Minister has also made it clear that due to the American tariff, work is being done by the concerned ministry and departments to reduce its impact on Indian businessmen and exporters.

This year breaks up to four percent

On the last trading day of last week i.e. on Friday, the rupee came to a standstill at 88.09 levels in the interbank foreign currency exchange market. Before that, on September 2, the rupee reached the historic level and reached Rs 88.15 per dollar.

Obviously, many steps have been taken by the Reserve Bank to prevent this decline in the rupee and a sharp eye. It is believed that after the GST reform, some more big steps can be taken in the future from the Central Bank to boost the economy and support the rupee, including the rate cut.

Also read: Global trend and inflation figures … This week these factor will decide the stock market move