Saturday, July 16, 2022

RBI, Centre look to ensure gradual Rupee depreciation

"The strength of the US dollar against the Indian rupee cannot be viewed as an isolated case," said one official. "It is just part of the strength of the US dollar globally, against all currencies - developed or emerging." They added that the Dollar Index has gained 13% this year against six major currencies - euro, pound, yen, Swiss franc, Canadian dollar and Swedish krona.

from Economy-News-Economic Times https://ift.tt/yswYdb7
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