Reason for fall in value of the rupee..? Be careful people..!!

The indian rupee fell 16 paise to touch a record low of 82.33 against the US dollar on Friday. The indian rupee has lost 1 percent in the past 4 days and 10 percent in 2022 against the dollar. The indian rupee has not recorded such a big fall yet, but the fall in rupee value is marginal compared to other leading currencies. The rupee is expected to continue to depreciate against the US dollar and fall as low as Rs 84 in the next few weeks.  The main reason for the depreciation of the rupee is the decisions taken by the US Federal bank and what investors have done after that. US production and employment data are not positive for the country's economy and growth. Meanwhile, OPEC+ countries have decided to cut their production by up to 2 million barrels per day to boost crude oil prices. This will necessarily affect all countries in the world, especially when the work period in the United States, Britain, and europe is about to begin, and the high price of crude oil will increase inflation.Federal Reserve officials have said they are in a position to raise interest rates again, with weaker U.S. manufacturing and employment data and higher crude oil production levels expected to add to inflation, a major drag on the U.S. economy. In response to this, everyone from American investors to international investors began withdrawing their investments in foreign markets. A large part of the investments from the US stock market has shifted to the bond market, as a result of which the Dow Jones, S&P 500, and Nasdaq Composite indices all fell on Thursday. Due to this, the dollar index rose 0.14 percent to 112.10, through which all the leading currencies against the dollar recorded a decline today.The inclusion of the indian Rupee in this list has forced the Reserve bank and the central government to take important decisions to control the decline in the value of the rupee. In such a situation, the RBI may raise its benchmark interest rate, the repo rate, depending on the actions taken by the US Federal Reserve in the december meeting or earlier. Earlier, RBI was expected to increase the interest rate by 25-35 basis points, now it is expected to raise it by up to 75 basis points. Doing so will increase the interest rate on all loans.

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