• Rupee Hits All-Time Low: Drops To 86.57 Against US Dollar

    Business
    Rupee Hits All-Time Low: Drops To 86.57 Against US Dollar

    Digital Desk: The Indian rupee fell to a record 86.57 per US dollar on Monday. The experts are of the opinion that it will further drop to 87 by the end of March this year.


    The fall has started following the strengthening of the US currency and the surge of crude oil prices. Indian rupee registered a loss of 55 paise from 86.12 to 86.59 against the US dollar. The rupee ended the day at 86.57 against the US dollar.


    According to reports, foreign investors have withdrawn 22,194 crore from Indian equities this month. 

    Global Head of Foreign Exchange, Brad Bechtel said, "The momentum is pretty clear. The rupee's continued decline probably makes a lot of sense and considering its REER (real effective exchange rate), it makes all the more sense."

    ANZ Bank in a note said, "The loss of the rupee's competitiveness has become a pressing issue... and the moderating business cycle warrants a weaker currency."


    Head of Research, Axis Securities said, "As per implied volatility trends, there are 80 percent odds that the currency will drop to 87 between now and March-end, up from 27 percent a month ago."


    He added, "India's rupee slumped beyond 86 this morning as a global dollar advance fueled by rising treasury yields and a surge in oil further dampened the outlook for the rupee. Offshore markets continue to bet against the rupee via options, where dollar-rupee out-of-the-money calls have been traded aggressively last week. The rupee has now dropped for 16 straight weeks, which has never occurred in its history."


    Head of RBL Bank, Anshul Chandak mentioned that the rupee's slide will continue for some time as many factors have stacked up unless the central bank announces precautionary measures. He also said that the rupee's drop to 87 is just around the corner. He expects the Reserve Bank of India (RBI) to use its diminished reserves cautiously.

















    slot thailandslot gacorsabung ayam onlinesabung ayam onlinesabung ayam onlineslot thailandlive casino onlinehttps://ecosukces.pl/slothttps://delalibera.com.br/indojawa88sv388agen bolasabung ayam onlinesabung ayam onlinelive casino onlinesabung ayam onlinelive baccaratsipardikemenaglebongtppkk bitunggs hospitalsarwadharma hospital gwlpeasant farmersppdb yayasan pendidikan assalamgoji berryhttps://www.undp.or.id/https://mtsmathlaulanwarputat.sch.id/https://www.smpn2karangsambung.sch.id/slot gacorhttps://ociterrasus.com/https://psb.al-asyariyyah.com/live casinodpd ipai jatimhttps://yplppgrikabbogor.com/https://smkveterancirebon.sch.id/https://www.min2jember.sch.id/https://sditfatahillahskh.sch.id/https://ichisultra.or.id/https://banggaiemas.org/https://www.man1acehbarat.sch.id/https://lib.stishusnulkhotimah.ac.id/https://www.stieyapismerauke.ac.id/https://stechdigitalsolutions.com/https://webzsparkle.com/SABUNG AYAM ONLINELIVE CASINO ONLINESBOBET88wellbeing-spa.comwellbeing-spa.comwellbeing-spa.comwellbeing-spa.comrnmcenter.comrnmcenter.comshivohamshiv.comshivohamshiv.comal-marwani-qa.comab-skin.comrnmcenter.comrnmcenter.comhttps://romanwatch.vn/th/https://bitrax.app/agro/https://bitrax.app/bravo/https://bitrax.app/tele/https://duidev.com/lang/https://duidev.com/storage/https://duidev.com/vendor/https://duidev.com/resources/https://qatarsquash.comhttps://freshlooksalons.comhttps://eyelinkeducation.idhttps://eyelinkeducation.idhttps://eyelinkeducation.idhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://zakachai1.ruhttps://zaczee.comhttps://planejamentoestrategico.orghttps://powerhouse.qahttps://web1giay.comSlot Server ThailandLive Draw TotoSV388SBOBET88sabung ayam onlinescatter hitamcasino onlinesabung ayam onlinesbobetslot thailandlive casinosv388sbobet88slot thailandcasino onlinesv388agen bolaslot thailandsabung ayam onlinesbobetslot thailandSBOBETSABUNG AYAM ONLINESBOBETSABUNG AYAM ONLINEsv388agen mix parlaylive casino onlinezeus slotsv388judi bola onlineagen live casinoscatter hitamsabung ayam onlinesv388judi bola onlinesabung ayam onlineSabung AyamSBOBET88Live CasinoSlot OnlineIndopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxSV388Mix ParlayCasino OnlineSlot Onlineslot thailand gacorSABUNG AYAM ONLINEJUDI BOLA ONLINEJUDI BOLA ONLINEsv388casino onlinespacemanmix parlaysv388casino onlineslot777mix parlaysv388sabung ayam sv388sbobet88 judi bolacasino baccarat onlineslot777hongkong poolsSV388 AGEN SABUNG AYAM ONLINESBOBET88 AGEN JUDI BOLAAGEN LIVE CASINOSITUS SLOT GACOR MAHJONG WAYS 2SV388 AGEN SABUNG AYAM ONLINESBOBET88taruhan bola onlinesv388slot onlineSlot Kakek ZeusAgen Judi Bola