Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Wed, Nov 21, 2018 | Last Updated 8:55 am IST

Menu &Sections

Search

Value of Rupee slipped around 9% this year

Value of Rupee slipped around 9% this year
Value of Rupee slipped around 9% this year
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources the Indian rupee reversed all the gains made earlier in the day to close at an all time low of Rs 71.21 per dollar on Monday, tracking a weak trend among its global peers and amid concerns of a wider trade deficit. Meanwhile as per report for the first time ever, the rupee closed below the 71 mark following the weak trend in emerging market currencies and rising crude oil prices.



Earlier on August 16, the rupee had fallen to a record low of Rs 70.20 per dollar. Moreover the value of the Rupee has been falling since the beginning of 2018 and is reported to have slipped around 9% this year and it has also been reported that a heavy sell off in global currencies increased the demand for safe haven assets and caused the value of the rupee to go down. Furthermore according to analysts, this crisis reflects Turkey’s refusal to raise interest rates to curb double digit inflation.

Value of Rupee slipped around 9% this year

Recently this fall of the rupee against the dollar will go on to affect the buying capabilities of the country, in relation to imports and hence it will also start inflating household expenses and affecting personal budgets. Moreover Indian students who have taken loans to fund their foreign degrees will also be affected since students pay for their living expenses abroad in foreign currency but their loans are in Indian Rupees. Further the experts opine that the consecutive hike in RBI repo rate is also a contributory factor to the falling value of the Indian Rupee.


Value of Rupee slipped around 9% this year
5/ 5 - (1 votes)
Add To Favourite
More from author
Tamilnadu CM visited Cyclone Gaja hit areas
Why Ivanka Trump sent Official emails from Personal email Account?
Firing at Chicago Mercy Hospital kills 3
Kollywood Actors pitch in for Cyclone Gaja
Why Pawan halted his Praja Porata Yatra abruptly & left to Mumbai?
California Wildfire death toll Rose to 80
What astrologers say various political entities in Telangana elections 2018?
Andhra Man found under Moving Train, Escaped miraculously  Watch this VIDEO!
PM Narendra Modi inaugurated Kundli-Manesar-Palwal (KMP) Expressway in Gurgaon
Revanth Ready set to score a hat-trick this time
Dog meat controversy catches fire!
CM yet to visit Delta - The reasons?
People surround ministers in Orathanadu!
Rain warnings for Delta districts!
Not mandatory to provide Aadhaar to appear for Neet, UGC & CBSE exams
TN DMK Party contributes 1 crore towards Cyclone relief activities
Why Donald Trump stops Military Aid to Pakistan?
Prabhas is in talks with a motor bike company for endorsement deals
Major Political Parties in Telangana gearing up for campaigning
Mickey Mouse character turned 90 on Sunday
More Rain anticipated in Tamilnadu from November 19
Cyclone Gaja death toll in TN rose from 33 to 45
Sirisena dissolved parliament, announced snap polls on January 5, 2019
Can KCR win Elections by doing Yagams & Homams alone?
Will Sharmila Jagan contest from Hyderabad?
Sonia Gandhi to address a Public Meeting in Telangana on November 23
Superstar warns against ticket rates!
Sasikala to come out on parole?
Chief Minister Visit canceled!
Schools, Colleges announced Holiday
Will H1-B Visa Holders to split Families?
DeepVeer to hosts 2 Wedding Receptions
Death toll in Tamilnadu due to Cyclone Gaja rose to 33
NASA's Kepler space telescope to disconnect communication with Earth
Mike Hussey feels Hardik Pandya's absence is greatest disappointment
Anna University Exams postponed to December 13, 14 due to Cyclone Gaja
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.