Header Ad

Why is the Indian Rupee falling against the Dollar?

By Akshay - April 22, 2024 02:52 PM

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.

Also Read: RR vs MI Dream11 Prediction in Hindi, Match 38 Preview, Dream11 Team

Download Our App for better expeirience

Possible11 Play Store Possible11 Apple Store

About the Author:

Akshay Thakur

I'm Akshay Thakur, your fantasy sports secret weapon. 1000+ predictions across cricket, kabaddi, football, you name it - I crack the code of each game, crafting winning strategies like a seasoned alchemist. My analyses are your ultimate playbook, unveiling hidden gems and turning gut feelings into gold. Newbie or pro, I level up your game, transforming raw passion into league domination.

So, join me, unravel the wins, and paint your fantasy realm with victories. Remember, in this game, it's not just about luck, it's about having the right guide. And with me, you're unstoppable.