The main reason for the depreciation of the Indian rupee and the appreciation of the exchange rate is the strength of the US dollar. People in this field point out that economic reforms are important for this.
Last Thursday, the price of one dollar was 82.60 rupees, on Friday, the value of the rupee decreased by 8 paise, while the price of the dollar reached 82.68 rupees. The dollar index is calculated by comparing the value of six countries in the world. This is all because of the rise in oil prices and the rise in the exchange rate. The price of crude oil in the international market had reached 76.74 dollars. There have been no significant changes in the stock market.
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