The Indian rupee has touched 70 against the US dollar. On Tuesday it reached a life-time low of 70.10. The Indian government has said that the rupee’s fall is due to external factors and there's no need for panic even if the value reaches 80.
The Indian rupee has touched 70 against the US dollar. On Tuesday it reached a life-time low of 70.10. This plunge was due to many reasons, one of the primary reasons being the economic crisis and Turkey and Donald Trump’s decision to double the charges on imports from Turkey. Speaking for itself, the Indian government has said that the rupee’s fall is due to external factors and there is no need for panic even if the value reaches 80.
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