मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Falling rupee and widening current account deficit
BUSINESS ECONOMICS
|May 16-31, 2018
Falling rupee and widening current account deficit
There are some new headaches for policy makers this past fortnight. The rupee has been sliding faster. on the other hand, oil price is rising.
Indian currency fell to the lowest at ₹67.13 on May 8 – the lowest in the past 15 months. Last month, the decline to ₹66.08 was the steepest in 12 months since March 14, 2017. A Morgan Stanley Investment Management report states the US dollar rally would continue for a while. With growth in the euro zone flattening and China facing headwinds, the rupee’s fall is not unexpected. The rupee has been the worst-performer in Asia, having weakened 4.2% during the last 12 months against the US dollar. The situation seems to be getting worse, as overseas investors are liquidating their holdings in the equity and debt markets.
यह कहानी BUSINESS ECONOMICS के May 16-31, 2018 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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