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2022-06-13
Why the rupee sank to an all time low of 78 against the US dollar today | Views of Anushkaa Arora in The Times Of India.

"If one rupee buys more dollars, the rupee has become stronger and vice versa. As investors are selling off rupee-based investments for dollar-based ones, a rupee fall is triggered, which is the cause of the present rupee sink. As more investors have sold off rupee based investments for dollars, rupee sank to all time low today. This may add to inflationary pressure, as India imports more as compared to exports, " said Anushkaa Arora, Principal & Founder, ABA Law Office.

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