డాలర్ కు 75 రూపాయిలు, భారత కరెన్సీ భారీ పతనం వెనుక||Why Rupee record fall?
The rupee’s sharp slide past the 75-mark against the dollar, is likely to create a fresh set of challenges for the RBI and the Centre. The panic triggered by the Covid-19 pandemic is leading to heightened risk-aversion in global financial markets. The uncertainty surrounding the pandemic — over the time it could extend, its impact on the health and lives and the extent of damage it would do to the global economy — is making funds flee riskier assets such as emerging market currencies and move to the safety of dollar-denominated assets. That is probably why the dollar index has zipped past the 100-mark, and the CBOE volatility index is at a level last recorded in 2008. With the rupee crumbling, a source of stability for the Indian economy has receded somewhat.
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డాలర్ కు 75 రూపాయిలు, భారత కరెన్సీ భారీ పతనం వెనుక||Why Rupee record fall? The rupee’s sharp slide past the 75-mark against the dollar, is likely to create a fresh set of challenges for the RBI and the Centre. The panic triggered by the Covid-19 pandemic is leading to heightened risk-aversion in global financial markets. The uncertainty surrounding the pandemic — over the time it could extend, its impact on the health and lives and the extent of damage it would do to the global economy — is making funds flee riskier assets such as emerging market currencies and move to the safety of dollar-denominated assets. That is probably why the dollar index has zipped past the 100-mark, and the CBOE volatility index is at a level last recorded in 2008. With the rupee crumbling, a source of stability for the Indian economy has receded somewhat.