5reasons for Rupee fall
Rupee at an all-time low vs US dollar: The Indian rupee on Thursday, 28 June 2018, collapsed to the all-time low value against the US dollar at the foreign exchange market and broke 69 per USD level for the first time in history. The rupee has been mostly losing its strength against the US dollar since the beginning of February this year, the time when Union Finance Minister Arun Jaitley imposed LTCG on equities and global sell-off started due to escalated volatility in stock markets around the globe. Rupee to US dollar exchange rate: The rupee plunged as much as 49 paise to an all-time low of 69.10 vs the US dollar at the interbank foreign exchange market in the morning session on Thursday. The rupee value against US dollar on Thursday got depreciated very quickly following the negative global cues and deprived condition of regional Asian currencies. Earlier yesterday, the rupee lost about 37 paise to end at a 19-month low of 68.61...