Published by: Anwesha Adhikary | Posted: September 23, 2022 10:14 am| Updated: September 23, 2022 10:20 am
News Daily Digital Desk: Record fall in the price of rupees (Indian Rupee) again. As soon as the market opened on Friday, the price of rupees fell quite a bit. The value of one US dollar is 81 Taka 9 Paisa. Compared to Thursday, the price of rupees fell by 25 paisa. The price of money has been hovering around 80 for quite some time. But for the first time the price of money exceeded 81. Incidentally, the price of rupee was 80 taka 86 paisa to one US dollar at the time of market closing on Friday.
Rupee hits fresh record low, opens 25 paisa lower at 81.09/$ vs yesterday’s close of 80.86/$. pic.twitter.com/EJtVZVABGA
— ANI (@ANI) September 23, 2022
But the fact that the price of money will fall in this way on Friday was already predicted. On Thursday, the price of the rupee fell to a record. Although the price of the US dollar was around 79 rupees throughout the day, the price of the US dollar continued to rise. Statistics show that after February of this year, the price of the rupee has not fallen so much during the market. Therefore, it was known with certainty that the bleeding of money will continue on Friday.
The Indian rupee was the biggest loser among Asian currencies on Thursday. On Wednesday, the price of rupees decreased by 22 paisa and the price of the US dollar stood at 79 taka 96 paisa. The price of the US dollar again crossed eighty at the close of the market on Thursday, a record low. On Friday too, maintaining the same trend, the price of rupee fell to an all-time record. For the first time, the price of the US dollar crossed 81 rupees.
On the other hand, the price of the US dollar has increased by leaps and bounds. Despite strong opposition, the Federal Bank continues to raise interest rates on loans in the country. All in all, America is benefiting from the world market. As always, the fall in the value of the Indian Rupee points the finger at the Reserve Bank. Even increasing the repo rate does not improve the poor condition of the Indian rupee. According to experts, the price of rupee will fall further in the next few days.