16 August 2018

Rupees all time low ₹70.09 against $1 Dollar on Tuesday



Rupees all time low 70.09 against $1 Dollar on Tuesday

Tumbling of rupees unfortunate and alarm bell for the nation in total.

Economist and Capital Pundits says enough Forex cushion for currency in stock. Will not impact much.

Not agree with the experts as prices of import and export will give a big jolt and our fuel purchases from foreign countries will be badly affected.

Prices of petroleum products will become unmanageable.
Reserve Bank should do something to control the low on rupees against dollar.
Introspect on this factor need of the hour.

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