![]() This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. To invest in US Fed Bank, investors have to buy the US dollar. The US Fed has increased the interest rate in the US from 0 per cent to 3.5 per cent, which has increased investment in the US Fed bank as for investors it is a safer option. Crude Oil takes up 30- 40 per cent of space on the import bill and with the Russia-Ukraine war the prices of fuel are skyrocketing.Īnother reason for the US dollar's strengthening is the increase in US Fed interest rates. India imports crude oil in US dollars like other international countries which leads to buying of US dollars. Why did the Indian Rupee weaken against the US dollar? This shows that the Indian rupee is not weak against other currencies but just the US Dollar. Other currencies have declined against the US dollar by 18-20 percent while Indian Rupee has only declined 10 per cent. How other currencies performing against the US Dollar? The Indian Rupee strengthened almost 17-18 per cent against Japan’s YenĤ. The Indian Rupee strengthened almost 10 per cent against Great Britain’s pound in a year.Īgainst European Euro, the Indian Rupee saw an upward trend of almost 9 per cent. Rupee has declined against the US dollar surely but it has gained strength against other big currencies like Great Britain’s Pound, European Euro, and Japan’s Yen Is the Rupee weak against the US dollar and other currencies too?
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