The rupee, which has hit several lows so far this year, has declined merely 6.51 percent versus the dollar so far in 2022, compared to declines in Australian dollars of roughly 7.5%, South African Rand of 8.59 percent, and Japanese Yen of 19.79 percent. The rupee has depreciated by the following amounts in relation to other global currencies and the US dollar:
Up until september 14, 2022, the Pakistani Rupee had a huge reduction of 23.77 percent, while the Japanese Yen, british Pound, and South Korean Won all experienced declines of around 14.9 percent, 19.79 percent, and 14.53 percent, respectively. According to Bloomberg data, the South African Rand has fallen by around 8.59%, the Chinese Renminbi has fallen by 8.72%, the Australian dollar has fallen by 7.50%, and the euro, which recently dipped below the dollar, has seen a total reduction of roughly 12.15% in the current calendar year.
The indian Rupee has experienced the most decline of these major currencies shown here, falling 6.51 percent as of september 14 of this year. On january 12 of this year, the rupee was trading at 73.77 to the US dollar. On wednesday, it was trading at 79.47 to the dollar (September 14). In August, the indian rupee hit an all-time low versus the US dollar of 80.15.
This year's decline in the value of the indian rupee can be attributed to the ongoing flight of foreign capital, the rise in the price of crude oil, the US Federal Reserve's tight monetary policy, and the overall strength of the US dollar. Global uncertainties brought on by a geopolitical crisis brought on by the Russia-Ukraine war made this worse.
The reserve bank of india is taking the required measures to ensure that the movement of the rupee is gradual and in keeping with market trends, according to Chief Economic Advisor v Anantha Nageswaran, who made the statement on Tuesday, september 13. Nageswaran continued by saying that the management of the rupee reflects the fundamentals of the economy.
The rupee is not being defended by India... I don't believe that the fundamentals in india require us to defend the rupee. The rupee is capable of supporting itself "Speaking at a gathering.
The much-anticipated US inflation data came in higher than predicted, which put pressure on the indian rupee on wednesday "Dilip Parmar, a research analyst at hdfc Securities, stated
Up until september 14, 2022, the Pakistani Rupee had a huge reduction of 23.77 percent, while the Japanese Yen, british Pound, and South Korean Won all experienced declines of around 14.9 percent, 19.79 percent, and 14.53 percent, respectively. According to Bloomberg data, the South African Rand has fallen by around 8.59%, the Chinese Renminbi has fallen by 8.72%, the Australian dollar has fallen by 7.50%, and the euro, which recently dipped below the dollar, has seen a total reduction of roughly 12.15% in the current calendar year.
The indian Rupee has experienced the most decline of these major currencies shown here, falling 6.51 percent as of september 14 of this year. On january 12 of this year, the rupee was trading at 73.77 to the US dollar. On wednesday, it was trading at 79.47 to the dollar (September 14). In August, the indian rupee hit an all-time low versus the US dollar of 80.15.
This year's decline in the value of the indian rupee can be attributed to the ongoing flight of foreign capital, the rise in the price of crude oil, the US Federal Reserve's tight monetary policy, and the overall strength of the US dollar. Global uncertainties brought on by a geopolitical crisis brought on by the Russia-Ukraine war made this worse.
The reserve bank of india is taking the required measures to ensure that the movement of the rupee is gradual and in keeping with market trends, according to Chief Economic Advisor v Anantha Nageswaran, who made the statement on Tuesday, september 13. Nageswaran continued by saying that the management of the rupee reflects the fundamentals of the economy.
The rupee is not being defended by India... I don't believe that the fundamentals in india require us to defend the rupee. The rupee is capable of supporting itself "Speaking at a gathering.
The much-anticipated US inflation data came in higher than predicted, which put pressure on the indian rupee on wednesday "Dilip Parmar, a research analyst at hdfc Securities, stated
