The rupee has reached a new low: dollar against rupee: In early trade today, the indian rupee hit an all-time low versus the US dollar. The rupee fell to an all-time low against the dollar of Rs 77.69. In early trade today, the indian rupee hit an all-time low versus the US dollar. The rupee fell to an all-time low against the dollar of Rs 77.69. The US Federal Reserve is raising interest rates to control inflation in the United States. Thus the dollar is strengthening against world currencies. As the dollar appreciates, the indian rupee and Asian currencies are in deep crisis. The rupee has continued to depreciate since last week.

The rupee had closed at Rs 77.50 against the dollar in early trade on Friday. At the start of trading this morning, the rupee fell 19 paise to Rs 77.69. Last week the rupee moved towards a similarly bad decline against the dollar. The rupee depreciated to 77.31 paise against the dollar in early trade on Friday. Generally, when the dollar appreciates and the rupee depreciates, the Reserve bank intervenes. That is, demand for the dollar will increase among importers and as foreign investors withdraw their investment from the stock market. Then the rupee will fall into crisis. To prevent this, investors expect the Reserve bank to intervene today to sell dollars in the market as needed, to keep the demand for the dollar from rising and to keep the rupee afloat.


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