Indian Rupee Falls 42 Paise Against US Dollar To All-time Low | NewsBust Indian Rupee Falls 42 Paise Against US Dollar To All-time Low | NewsBust

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Indian Rupee Falls 42 Paise Against US Dollar To All-time Low

By Amit - September 22, 2022

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The value of one US dollar has become 80.38 Indian Rupee.

New Delhi:

There has been a big fall in the Indian rupee. In today’s opening trade, the rupee has fallen 42 paise to the lowest level of 80.38 against the US dollar. On Wednesday, September 21, the Indian rupee had closed at the level of 79.9750 against the US dollar. The rupee opened at 79.79 against the dollar on Wednesday and saw a steady decline during the day’s trading.

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On Wednesday, the dollar index reached a two-decade high of 110.87. However, it is very unlikely that the US Federal Reserve will increase interest rates by 100 basis points to control inflation.

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Amit

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