Banglahunt Desk: The value of money fell further. When the stock market opened this morning, it was seen that the price of money has decreased by 25 paise. At this moment, the price of Indian rupee per dollar is 81.09 rupees. Which is an all-time record. The value of the Indian Rupee has never fallen so low before. The price of the rupee was 80.86 rupees before the stock market closed on Thursday. And this morning it dropped by 25 paisa in a flash.
But why the sudden drop in money means? Foreign currency traders attribute this to US economic policies and the escalating crisis in Ukraine. At this moment big investors are holding back to invest looking at the current political situation in the world. There are also several other reasons. The value of the US dollar has also increased. Due to which the Indian stock market also fell. Besides, the price of crude oil has increased due to the Ukraine crisis. Which has a direct impact on the Indian currency. Traders now look to what policies Japan and England adopt.
Dilip Parmar, research analyst at HDFC Securities, said in this context, ‘This policy of the US Federal Reserve and the Russia-Ukraine crisis have increased the value of the US dollar. India’s economy is strong. India will handle this fall of the currency very soon.’ Motilal Osyal Financial Services analyst Gaurang Somia said, ‘The value of the US dollar has increased by 0.75 percent in the international market. Due to which the Indian rupee is falling. The value of the US dollar rose to the highest level in the last 20 years.
Now the question is how common people will be affected by this decline in Indian rupees? Financial experts believe that the direct impact of this decline will be seen in the pockets of common people. Import costs will increase. 80 percent of fuel oil in the country is imported from outside the country. The price will increase. Economists of the country believe that if the price of oil increases, the price of daily necessities will also skyrocket.