Rupee @ 80: What happens to your money when the rupee falls?

  • Indian Rupee has been making headlines for the past one month. And not for the right reasons. This time the rupee has reached the lowest level of Rs 80 against a dollar. So you need more rupees to buy one dollar. But what happens to our money whenever the rupee falls? And why is the value of the rupee determined against the US dollar and not in any other country?

15 July 2022

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