Mumbai For the first time on Tuesday, the price of the US dollar reached above Rs 80. The dollar had touched Rs 80.05 in the day’s trading, after which the Reserve Bank of India intervened and after that the position of the rupee improved slightly. It is being told that due to the intervention of the Reserve Bank, the rupee improved and the price of one dollar closed at Rs 79.92.
As soon as the market opened on Tuesday, the rupee fell for the first time to its lowest level of 80.05 per dollar against the US currency dollar. It is being told that due to the strengthening of the US currency and the rise in crude oil prices, the rupee reached its lowest level. Keep in mind that at the beginning of the year 2022, one dollar was close to 74 rupees, but by the seventh month itself, it has fallen by seven percent.
In a written reply given by Finance Minister Nirmala Sitharaman in the Lok Sabha, it was told that the rupee has depreciated by 25 percent since December 2014. Such a sharp fall in the rupee is affecting the economy of the country as well as the lives of common people. It is believed that rising crude oil prices have also affected this. Keep in mind that India imports about 80 percent of its total oil requirements. If the rupee weakens, it will also affect the oil and energy products being imported from abroad.
