It had first slipped past the 76-mark in March 2020 on account of global restrictions imposed to stop the COVID-19 spread and heightened demand for the safe haven greenback. The rupee breached the 76-to-a-dollar mark on December 16, an 18-month low. dollar exchange rate between January 2010 and December 2021. 1) The Lira connection Turkey, the middle-eastern country, is going through a financial turmoil right now. But the rupee’s fall is modest when compared to the currencies of other emerging economies. Foreign portfolio investments (FPI) also plunged for the third consecutive month, thus weakening the rupee further. India’s trade gap widened to a record high of $22.9 billion on account of rise in imports. With regards to the nations that have lower money esteem than the Indian Rupee, Algeria most unquestionably is one to be thought of and taken note of. However, this time its fall was driven by widening trade deficit and foreign investors pulling out funds from equities. The exchange rate of the Indian rupee has fallen to more than 70 against 1 United States dollar This is the lowest that the Indian rupee has ever been in. It had fallen beyond 76 in March 2020 when COVID-19 cases surged and economies came to a grinding halt. In 2011-12, this deficit was more than 74bn, a huge jump from less. Slid past the 76-per-U.S.-dollar-mark for the first time since June 2020 and stood at 76.25. The countrys current account deficit - a broader measure of the trade deficit - has also ballooned due to the above reasons. On December 16, the Indian rupee’s exchange rate
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