Indian Rupee to still weaken further

in #mgsc • 6 years ago

new_Indian_currency.jpeg

Indian Rupee reached 70 mark against US dollar yesterday on the even of India's 72nd Independence Day.
News about meltdown in Turkish meltdown supported it.

But the Indian Currency has been slipping over the past many months due to rise in price level of global crude oil prices.
Also the Exports are not happening as compared to Import.
Experts say that the currency is still going to weaken further and may reach 72-73 levels. Good news is that RBI has got enough reserves and hence the ability to control is huge.

Also the Blame game has already started by the Opposition against the BJP government.
What do you think is the Indian Currency still going to weaken further or will be in the range of 70 ? Please do comment

#politics #indian #currency #rupee
6 years ago in #mgsc by
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