By Admin 
Dollar vs Rupee: The rupee has declined for the ninth consecutive session today. The rupee has fallen 0.3 percent against the dollar today. With this, the rupee opened at 96.86 and fell by 41 paise to 96.96 in early trade. Now the day is not far when the rupee will be at 97. This decline has troubled everyone. It is the result of this decline that today the rupee has become the weakest currency.
Why is the rupee falling?
FIIs are continuously withdrawing their money from the Indian market, due to which the rupee is becoming weak. Apart from this, India imports crude oil for its needs and due to the current international situation, it has to spend more dollars.
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worst performing currency
Rupee has become the weakest and worst performing currency of Asia in the year 2026. So far this month it has declined by 1.5 percent and this year it has declined by more than 7 percent. Foreign exchange traders and experts say that the position of the rupee still remains fragile due to the increase in crude oil prices and obstruction in exports and imports from Gulf countries due to the closure of the Strait of Hormuz.
How is the loss in imports happening?
Due to the long-running US-Iran tension, crude oil prices have continued to rise. Due to this the rupee is weakening and India’s import bill is increasing. At the same time, the danger of increasing current account deficit has deepened. Economists believe that India’s current account deficit may increase significantly in the current financial year. The fear of weak foreign investment flow amid possible impact on remittances coming from the Middle East and growing concerns about India’s economic growth is also increasing the pressure.
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