By Admin 
Dollar vs rupee: There has been a tremendous decline in the Indian rupee. Amid heavy pressure from the US tariff, the currency of Asia’s third largest economy went to a record low against the dollar on Thursday. After this, the rupee fell 0.39 percent to close at 88.4425. Whereas before this it closed at 88.1000. Last Friday, the rupee closed at the record low at 88.36 against the dollar.
Why is the rupee weakening?
It is believed that this weakness in the rupee has come due to the ongoing tariff tension between India and America. On the other hand, if foreign exchange traders are to be believed, the US dollar improvement and frequent withdrawal of foreign capital has weakened the business sentiment of investors before inflation figures.
During the last few sessions, tremendous pressure has also been seen on the rupee due to the rise in crude oil prices. Traders say that there were indications of a slight improvement in the rupee after US President Donald Trump gave positive indications about the Indo-US trade agreement. But due to dollar demand and global factors, there has been such a big decline in Indian currency.
Many factor including tariff tension
According to Anil Kumar Bhansali, Treasury Chief and Executive Director of Finrex Treasury Advisors LLP, there is pressure on the market expectations about the dollar demand for import on the rupee, external tariff tension and American inflation figures and Federal Reserve policy. Anil Bhansali says that the dollar index was also touching the level of around 98 while the prices of the dollar remained at a high level due to the rise in the prices of Brent crude. In the last three days, premiums were also increasing due to increase in interest rates between India and America.
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