1/ 17
Here are some reasons that depict the fall of Rupee against the Dollar.
2/ 17
The Indian currency on Thursday (June 8) had breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar due to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.
3/ 17
Crossing 69 to a dollar Mark.
4/ 17
After a brief lull, crude oil prices have started climbing rapidly to about 75$ a barrel.
5/ 17
The US is building pressure on its allies to stop buying oil from Iran by November 2017.
6/ 17
The Spike in oil prices has pulled down the rupee, by pushing up dollar demand.
7/ 17
Global Trade war fears triggered by the US and China's retaliatory import tariffs have also weakened the Rupee.
8/ 17
The Chinese yuan has fallen sharply in the last few sessions.
9/ 17
This has triggered a dollar flight from many emerging economies.
10/ 17
The Spurt in dollar outflow has pulled down most Asian currencies, including the rupee.
11/ 17
A weak rupee makes overseas travel costlier...
12/ 17
Imported goods like computers, mobile phones and crude oil may get costlier.
13/ 17
This may prompt oil companies to hike petrol and diesel prices too.
14/ 17
Costlier transport fuel will knock up prices of most goods and stoke inflation.
15/ 17
Elevated inflation may prompt RBI to raise lending rates.
16/ 17
It may also keep interest rates high to maintain India's attractiveness as a debt market and woo dollars.
17/ 17
High-interest rates may push up home loan EMIs.
