New Delhi: There may be a further fall in the rupee which is steadily weakening, experts pointed out.

Economists believe that the rupee could further break to fall to 82 per dollar in the near future, given the widening trade deficit and the possibility of the US central bank raising interest rates this week.

There are speculations that the Us central bank, the Federal Reserve, may raise interest rates by up to 0.50-0.75 per cent at the July 26-27 meeting.

Economic experts believe that the rupee may hold at around 78 per dollar by March next year.

The post Rupee may fall to Rs 82 per dollar in near future appeared first on TV Punjab | English News Channel.

New Delhi: The rupee has shown a low of 80 rupees per dollar in opening against the dollar for the first time. These psychological levels were showing signs of breaking down for several days, but today the rupee has gone below Rs 80 per dollar and put the currency traders in great despair.

At the same time, the rupee is seen trading with a huge fall of 7 per cent this year.

How did the rupee start?

In the opening trade, the rupee had touched a low of Rs 80.01 per dollar, while yesterday it had closed at Rs 79.97 per dollar. Today, the rupee touched a low of Rs 80.05 per dollar.

The rupee value shows fluctuations today

In early trade today, the rupee had gone down to the level of 80.05 rupees per dollar, but now it is seeing a rise of 11 paise. At 9.56 am, the rupee gone 11 paise, to 79.94 against the dollar.

The post Historic fall in rupee, slashes to below Rs 80 per dollar for the first time appeared first on TV Punjab | English News Channel.