The rupee continues to depreciate against the US dollar. On Friday, the rupee weakened and reached the lowest level ever. On Friday, the rupee fell by 39 paise to 81.81 in the opening session itself. At present, the rupee is holding at the level of 80.99 against the dollar. Earlier in Thursday's trading session, the rupee had closed at 80.79 with a fall of 83 paise. This was the biggest fall in the rupee so far in a day. Let us know in recent days, due to which the rupee is slipping down. After all, what is the reason that the rupee which has now weakened against the dollar has crossed Rs 81?
Market experts believe that there are two most important reasons for the sharp weakening of the rupee against the dollar in the last two days. The first is a hike in interest rates by the US Federal Reserve. Due to this decision of the Fed, the dollar index has strengthened, due to which the pressure on the rupee increased, it slipped 83 paise to reach the level of 80.79 in a single day on the last trading day. On Friday also, the effect of the Fed's decision was shown in the market and the rupee fell by 39 paise and reached the level of 81.18. It is being told that the aggressive manner in which the Fed has increased interest rates will weaken the currency of the world. It is believed that the rupee may fall further in the coming time. However, some experts in the forex market also believe that people may have different opinions about the level to which the rupee can fall. The second reason for the weakness of the rupee in the market is the rising inflation all over the world. Due to this, the fear of recession has deepened in many countries. Due to this also the rupee is on the path of weakening.