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Indian rupee weakens against dollar

  •   Wed, Jul 13 2022 05:14:35 PM

Chennai, Jul 13 (IANS): The Indian rupee slightly weakened against the US dollar on Wednesday, falling below Rs 79.65.

The rupee movement against the dollar will be triggered by the inflation numbers of the US which are expected to be out later on Wednesday.

"Rupee traded with minor losses falling below 79.65 as the dollar index traded positive above $108 rupee range can be seen between 79.25-79.75," said Jateen Trivedi, Vice President, Research Analyst, LKP Securities.

Trivedi said the crude price falling below $100 can be a positive trigger for rupee, but inflation numbers in the evening from the US shall give a major trigger to rupee movement against the dollar.

 

 
  

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Comment on this article

  • Rita, Germany

    Thu, Jul 14 2022

    Who cares ?People with little knowledge in Economy are not there.Only with knowledge of cowshastra and mela .where are we heading too ?Our neighbour land is wating to attach us soon.Have coming nearer and nearer .We have to see how our roads are slipping away in landslide ,Many died in corona.Others are looking for old temples .who has time for Rupees?

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  • David Pais, Mangalore

    Wed, Jul 13 2022

    surely rupee value against the dollar will surpass dr.manmohan singhji age 89 in da tenure of chaiwala

    DisAgree [1] Agree [8] Reply Report Abuse

  • Sameer, Riyadh

    Wed, Jul 13 2022

    Not to be surprised. When people without knowing basics of economics run the country this is expected. Now home made prepacked foods and labelled will attract 12% GST. The only thing exempt from GST is oxygen. Saans lene par kab GST laga rahe ho?

    DisAgree [3] Agree [19] Reply Report Abuse

  • prem, moodbidri

    Wed, Jul 13 2022

    Modi hai toh mumkin hai !

    DisAgree Agree [25] Reply Report Abuse

  • Navin, Kundapur

    Wed, Jul 13 2022

    Some people said 1 USD =15 Rs..

    DisAgree Agree [16] Reply Report Abuse

  • Vinod Kumar, Mangalore

    Wed, Jul 13 2022

    The strength of country’s currency , GDP and employment is directly related to the competence of the ruling govt. Nobody but we are to be solely blamed for electing a incompetent and useless govt.

    DisAgree [4] Agree [35] Reply Report Abuse


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