Indian rupee at a record low, dollar strengthened after Trump's arrival

 

 

Delhi: The value of the Indian rupee is at an all-time low in history. The Indian rupee fell to 84.3875 against the US dollar. The record fall came with a loss of one penny today. Trump's victory in the US presidential election and the withdrawal of foreign investment (FII investment) from the Indian stock market are the reasons for the fall in the value of the rupee. Foreign investors are pulling out of Indian markets in a big way.

Foreign investors sold Indian stocks worth Rs 1.14 lakh crore in October alone. Foreign financial institutions (FIIs) also sold shares worth Rs 20,000 crore in the first week of this month. Not only the Indian rupee, but other countries' currencies are also falling in front of the dollar. The US dollar index rose above the 105 level against major currencies such as the euro and yen. This also hit the rupee.

Depreciation of rupee will lead to price rise. Therefore, the Reserve Bank came into the scene with rescue measures. An attempt is being made to hold down the rupee by selling dollars from foreign currency reserves. Due to this, there was a fall in the Federal Reserve. In the last two weeks, there was a drop of 267.5 million dollars and 346.3 million dollars.