New Delhi, Dec 6 (SocialNews.XYZ) The rupee has done relatively better in 2022 compared to other emerging markets, World Bank economist Dhruv Sharma said on Tuesday.
In the last one year, the rupee has depreciated by around 10 per cent and though it may sound like a huge figure, compared to other emerging economies, India has not done badly, said Sharma on the occasion of the release of World Bank's India Development Update, which upgraded GDP growth to 6.9 per cent from the earlier 6.5 per cent.
Continuous hike of key rates by the US Fed has led to the strengthening of dollar at the rupee's expense.
In the last one month, the rupee has hit a low of 83 against the dollar and has been hovering in the range of 82.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz