Why is the Indian Rupee falling against the Dollar? Nirmala Sitharaman has answered this question. Nirmala Sitharaman said that not only the rupee but many economies of the world are not in good shape. There is economic uncertainty in the world. Along with the rupee, the currencies of many countries of the world are also falling.
Union Finance Minister Nirmala Sitharaman said that when the situation with the US economy and the dollar becomes difficult, the rupee becomes unstable against it. Nirmala Sitharaman said that the rupee remains stable in our economic situation against the yen and euro. Fluctuations are being seen not only in rupee but also in other currencies. Global uncertainty is increasing.
Global economic recession
Global economic slowdown is a major reason for the decline in both the stock market and the Indian currency. Due to recession the Indian Rupee is falling and is unable to regain its value. Hence conversion from USD to INR always results in loss. The value of the rupee has always been depressing against the US dollar due to the global economic slowdown, which has led to sudden losses for some businessmen.
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