Rupee Depreciation in International Markets
“The Indian rupee is continuously falling in the international foreign exchange market. This is due to the uncertainty over the India-US trade agreement and the exodus of foreign investments. In today's session, the rupee slipped below the 91 level against the US dollar, a fresh record low,”
Exchange rate information
Yesterday, the Rupee was closed at 90.78 against the dollar. But today, it further decreased to 91.14, down by 36 paise, at about 11:45 am. Now, in the past 10 trading days, the Rupee value has decreased from 90 to 91. The cause for this might be the deferment of the trade agreement between India and US, as this is negatively impacting the market and hence leading to the fall of Rupee values.
Stock Market Effect
The home market is also experiencing heavy trimming in terms of losses on Tuesday. The Sensex fell by almost 500 points, and the Nifty broke below 25,900. As of 12 pm, the Sensex traded lower at 84,714 with a loss of 499 points, while the Nifty traded at 25,873 with a loss of 154 points. According to experts, negative international market trends and investor sentiments are the reason for the decline.
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