Reasons For The Rupee’s Fall – Gold Silver Reports

Reasons for the rupee’s fall

Global crude oil prices have been on a steady ascent, straining India’s finances. In October, brent crude oil prices breached the $85-per-barrel level for the first time in over four years. There are concerns that the $100-level may not be too far.

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Dollar Price Forecast

India’s Forex Reserves Fall for the 4th Week in a Row

Gold Silver Reports (GSR) – India’s Forex Reserves Fall for the 4th Week in a Row — India’s foreign exchange (forex) reserves on Friday recorded a weekly fall for the fourth time in a row at a time when rupee has been under pressure against the dollar. The Reserve Bank of India (RBI) data showed forex reserves fell $1.2 billion on-week to $417.7 billion as on 11 May.

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