Ya I tried to rhyme that with the "London bridge is falling down" tune, and it certainly suits.
While jokes apart the Indian currency against dollar has hit it's all time low of 69.01 and the trend says that it might be going more down. Somebody needs to do something really about it now.
Consistent demand of the dollar from sources like importers, banks , oil refiners And also the Crude oil prices had resulted in such a fall of rupee.
While some say the main reason being the rise in crude oil prices has resulted in so, but it is also believed that huge outflow of currency Relating to trade war concerns within the country can also be a cause.
And above all the Strengthening dollar index and the weakness emerging in other currencies can also be a result.
It's high time that RBI should have intervene in this cause, however it should already have. If it keeps waiting we might soon see rupee falling to 70-72 per dollar. RBI needs to save rupee as soon as possible.
Save rupee!!
Please comment what you think about it?? What can be done?
TO rise more! Two step to get down is essential!
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Now it matches international price, but don't know after Ban how it is going to be
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Can you tell me what its effect on stock market..
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indian rupees down because warning of america.
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RBI should take this seriously and should plan properly for future so that indian rupees can go up.. They are going down and still trying to ban bitcoin in india.. hope some action should take seriously and all is well soon..
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Instead of working on our economy, they are busy in putting on ban on bitcoin, which can help them to make our economy strong.
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@anishag Sad news..Government should do something on Rupee falling! otherwise foreign products, import, exports, etc... everything will be costly day by day!!
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its my personal openion my be its wrong also but...the cause in the fall of rupees is hidden in the rising tide extreme nationalism(economics related please do not missunderstand it with terrorism or violence) of every nation and the inward looking economic policies of US president Donald Trumph...therefore due to the sanctions of USA on its imports almost every nation has increased the import duties and so the rupees is falling in the international market
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the demand for dollars in India being more than their supply
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Right Brother .....
I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
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Is this happening with rupee only or other currencies are also suffering?
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buddy you are talking about 70-72 per dollar if the situation remains same it can go to 100
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It will keep happening untill these currupt politicians exist in our system and its our responsibility to vote a honest person and kick these currupt politicians out of the system
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its all market manipulation by big industrialists
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bahot buri baat hai yeh toh!
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haha..It's good for the Bloggers and Affiliate Marketers like me...
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Rupee is falling in the international market
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Plzz follow me i follow you...
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