The rupee is facing pressure due to the strengthening of the American dollar and foreign investment withdrawals. The rupee closed at 95.85 to the dollar in the interbank foreign exchange market. West Asian tensions and a rise in international oil prices are said to be the main reasons for this. Economists are warning that the country’s economy may be affected by the increase in import costs.

The sharp fall in the value of the rupee is worrying
The rupee is facing pressure due to the strengthening of the American dollar and foreign investment withdrawals. The rupee closed at 95.85 to the dollar in the interbank foreign exchange market. West Asian tensions and a rise in international oil prices are said to be the main reasons for this. Economists are warning that the country’s economy may be affected by the increase in import costs.

