The rupee continues to depreciate and the dollar is seen at a new high in the country’s history every day.
According to Express-News, the dollar had touched a record high of Rs 170 in the inter-market yesterday and reached Rs 169.96 per dollar. There was a shortage of money.
On Wednesday, the buying rate of the dollar in the interbank market reached 170 rupees 48 paise, while in the open market the buying price of the dollar was 171 rupees 30 paise while the selling price was 172 rupees 55 paise.
Economists say the biggest reason for the historic rise in the value of the dollar against the rupee is the country’s rising import bill, which is exacerbating the trade and current account deficit. There is more pressure.