Connect with us

Hi, what are you looking for?



Rupee recovers slightly against the dollar, after falling to a record low of 76.93

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. REUTERS/Adnan Abidi/File Photo

According to an Economic Times report, if the Russia-Ukraine war escalates, the rupee could fall to an all-time low of Rs 80 per dollar.

The news: Market watchers have predicted that if the ongoing crisis between Russia and Ukraine continues, both the sensex and the nifty will experience increased volatility.

  • The rupee is expected to fall to Rs 77.93 per dollar this calendar year, according to several brokerages.
  • According to the report, it has been predicted that the rupee will fall between Rs 80 and Rs 82 per dollar this year.
  • The prediction comes after oil prices soared to multi-year highs as a result of the Russia-Ukraine conflict, fuelling fears of hyperinflation and slow growth.
  • On Monday, the rupee hit an all-time low, while bond yields soared, as a sharp rise in global crude oil prices stoked fears of domestic inflation, increasing the chances of raising interest rates by the central banks.
  • On Tuesday, the rupee recovered slightly against the dollar, after falling to a record low of 76.93 on Monday, as crude oil prices climbed to multi-year highs, fuelled by the Russia-Ukraine crisis.
  • The rupee opened weakly against the US dollar at 77.02, but quickly recovered to reach 76.73, up 20 paise from the previous close.
Click to comment

Leave a Reply

Your email address will not be published.




New Delhi, Sept 29- According to data updated on Thursday by the Union Health Ministry, 4,272 new instances of infections have been registered throughout...


J&K, Sept 29 – Two people were injured in two bombs that occurred within eight hours in the Udhampur district of Jammu and Kashmir...


Karnataka, Sept 28 – The Narcotics Wing of the Central Crime Branch (CCB) broke an inter-state narcotics conspiracy on Tuesday, arresting five people-four women...


New Delhi, Sept 28- India observed a modest increase in the number of Covid-19 cases in the country, reporting 3,615 instances on Wednesday. The...


New Delhi, Sept 28- Considering the decline in the number of theaters in India and to prevent its complete closure, the Ministry of Information...


New Delhi, Sept 28– The Popular Front of India (PFI) and any of its affiliates, allies, or fronts have been declared illegal associations by...

You May Also Like


The structure will be built for a Public Health Centre (PHC), which will be the sole government health facility near the crash site. The...


It appears that Twitter is full of like-minded people who have had similar ideas regarding marriage, particularly arranged marriage. And they’ve developed a hilarious...


Microsoft Corp. Chief Executive Officer Satya Nadella’s son Zain Nadella, died Monday morning.  The news: Zain was 26 years old and had been born...


According to a tweet from the UK Ministry of Defence, the Russian Ministry of Defense confirmed the use of its TOS-1A weapon system in...