Rupee vs Dollar: Finance Minister Nirmala Sitharaman said on the falling price of rupee – the situation is better than other currencies
Responding to questions from journalists in Maharashtra, the Finance Minister said that the position of rupee is much better than other currencies of the world. RBI and Finance Ministry are keeping an eye on Rs.
On Saturday, Finance Minister Nirmala Sitharaman said on the fall in the rupee against the dollar that if you compare other currencies against the dollar, then the position of the rupee is much better.
Along with this, he further added that the Reserve Bank of India (RBI) and the Finance Ministry are keeping an eye on the rupee. This statement of Finance Minister Nirmala Sitharaman has come at a time when the rupee has depreciated against the dollar and it has slipped below the level of 81.
Finance Minister's statement talking to reporters during an event in Pune, Maharashtra, Finance Minister Nirmala Sitharaman said that if she talks about any one currency in the world, which has stood on its own and has seen more volatility like other currencies. If you are not getting it, then it is Indian Rupee. We have handled its position very well, along with this he advised the journalists to take a look at the fall in other currencies against the dollar.
In recent days, the central bank of the US, the world's largest economy, raised interest rates by 75 basis points, or 0.75 percent, to control inflation. Along with this, it was said that in future to control inflation, interest rates may see more increase, after which there is a big fall in the currencies of the countries of the world. After this announcement, the Indian rupee has broken the level of 80 and has crossed 81. At the same time, on Friday, the Indian rupee had closed at the lowest level in its history at 81.09.
Other world currencies fall
Not only the Indian Rupee, but also other major currencies of the world like British Pound and Euro have also seen a record fall against the dollar. Against the dollar, the British pound has reached a 37-year low and the euro has reached a 20-year low. The dollar index, which measures the level of strength in the US dollar, remains at a 20-year high around 111.