Rupee Devaluation At Lowest Level Since War, Touches 94 Rupees To 1 Dollar

Rupee Devaluation At Lowest Level Since War, Touches 94 Rupees To 1 Dollar : On the one hand, during the war, people are desperate for essential goods, while on the other hand, the value of the rupee is depreciating against the dollar . Now the value of the rupee has broken all records and reached its lowest level. According to the latest information, 1 dollar has now reached 94 rupees. Not only that, due to the ongoing war between Iran and Israel, the oil crisis is also worsening. Now the price of refined oil has crossed 100 dollars in the global market. Along with this, the war is also having an impact on the stock market. Foreign investors are turning their backs on the Indian stock market. Which is also having an impact on the rupee. As a result, investors’ money is also sinking. Due to global uncertainty, investors are considering the dollar as a safe currency and are increasing its demand.