The rupee closes above 83 against the dollar for the first time, today fell by 61 paise

Posted on 19th Oct 2022 05:32 pm by rohit kumar

Dollar Vs Rupee: There is a continuous decline in the Indian Rupee. On Wednesday, the Indian rupee closed at an all-time low level against the US dollar. It closed at 83.01 with a fall of 61 paise. This is the first time that the rupee has touched this level at the end of trading. On the previous trading day, the rupee had declined by 10 paise to close at 82.39.

 

will affect the common man

Let us tell you that India imports a huge amount of many medicines including essential electrical goods and machinery. Most of the mobiles and gadgets are imported from China and other East Asian cities. If the rupee continues to depreciate like this, imports will become costlier and you will have to spend more.

 

impact on the kitchen budget

India imports 80 percent of its crude oil. The price of petrol and diesel will increase due to the cost of crude oil. This makes freight costly. In such a situation, due to the weakening of the rupee, the prices of everyday items used in the kitchen to the house can increase, due to which your pocket will be lighter. Also, due to the cost of petrol and diesel, the fare can increase, due to which commuting can be expensive. India imports 60 percent of its edible oil. It is bought in dollars. In such a situation, due to the weakening of the rupee, the prices of edible oils may increase in the domestic market.

 

Also Read: Inflation: Smartphones may become costlier by up to seven percent after Diwali, and import duty on palm oil may increase

Other news

Pakistan: Pakistan is showing the arrogance of being a nuclear power to India by mistake of the economic plight

To save the country from bankruptcy, Pakistan, standing in front of the IMF with a bowl, is not d

India vs West Indies: India lost to West Indies in the second T20 too, trailing 0-2 in the series; Gill and Suryakumar fail again

In the second T20 against the West Indies, the Indian team faced a two-wicket defeat in a thrilli

Madrasas running with government aid will not be closed in UP! Supreme Court stays Yogi government's order.

The Supreme Court has stayed the order of the Yogi government, in which instructions were issued

Preparations to hand over power to Chinfing again in China, anger among people over strict zero Covid policy

The seven-day meeting of the 20th National Congress of the Communist Party of China is underway a

C-295 aircraft will be made for the first time in the country: Tata's deal with European company Airbus; PM Modi will inaugurate the project

C-295 transport aircraft will be built for the Air Force in Vadodara, Gujarat. For this, Tata has

'Where was it said that we will mix it in the soil' BJP gadgad from the encounter of Usman who was involved in Umesh Pal murder case

Another shooter involved in the Umesh Pal murder case was killed by the police in an encounter on

SC takes strict action in Delhi tree felling case, DDA officer held guilty of contempt; fine imposed.

The Supreme Court has given its verdict in the case of the felling of trees in the protected Ridg

'The US rebuked Canada for India': America rejected the claim, said- we are in touch with both the countries

The White House has rejected a claim made between India and Canada. It was claimed that America h

25 IPS officers reached Aamir Khan's house, the actor's team said- 'We are still with him...'

Aamir Khan was in the news for some time due to his film Sitara Zameen Par. He was promoting the

Lok Sabha Election: Mamata Banerjee bets on 'Didi No. 1' on Hooghly seat, will compete with BJP's Locket Chatterjee

There will be a tough contest between the two heroines in the Hooghly Lok Sabha seat of West Beng