On Wednesday, September 28, the rupee (Dollar vs Rupee) opened at a record low level of 81.90 against the dollar. At the time of writing the news, it was trading at the level of 81.93 against the dollar. The weakness in the rupee is being seen due to the continuous strengthening of the dollar, withdrawal of funds from the Indian capital market by foreign institutional investors and increased risk in the equity market. The rupee had crossed the level of 81.57 against the dollar in the last trading session.
The Reserve Bank of India (RBI) is keeping an eye on the weakness in the rupee. If today or tomorrow the Reserve Bank does not take any step directly or indirectly, then on September 30, it can definitely take some concrete steps in this regard.
According to Bloomberg data, the rupee was seen trading at 81.90 after touching the level of 81.9350 against the dollar. The US dollar index was seen at a new high of 114.68 in Asian trading. The US 10-year Treasury bond yield reached 4 percent for the first time since 2010.
With the rise in US bond yields and dollar pressure on the currencies of developing countries, it is possible that such countries may increase interest rates further. Due to this economic growth can also be affected.
On Wednesday, due to the strength of the dollar, the currencies of many countries were seen trading at low levels. The Australian dollar touched the lowest level since May 2020 at $ 0.6389.
Indian stock markets are also trading with a decline today. At the time of writing the news, NSE’s Nifty was seen trading at a level of 16,899.95, down 0.63 percent or 107.45 points. At the same time, the BSE Sensex was trading at 56,806.42, down 0.53 percent or 301.10 points.
Also Read – International Indigenous day 2022: Everything You Need To Know
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
 opened at a record low level of 81.90 against the dollar. At the time of writing the news, it was trading at the level of 81.93 against the dollar. The weakness in the rupee is being seen due to the continuous strengthening of the dollar){kind=link}