The rupee is likely to fall to 77 against the dollar
Adverse effects on Indian currency, bonds and stock market in the wake of Russia-Ukraine war The rupee continued to depreciate against the US dollar against the dollar. The dollar had crossed the 7 level last week. The dollar was heavily sold by public sector banks on behalf of the Reserve Bank of India. But even that has not benefited the rupee much. This is the biggest fall in the rupee on a weekly basis in the last 11 months. The rupee has depreciated 1.18 per cent against the dollar in the past week. The Indian currency appears to be at an all-time low. If crude oil prices continue to rise, the rupee could touch સ્તર 5 against the dollar. Some believe that by the end of March, by the end of the military conflict between Russia and Ukraine, the rupee could begin to slide below the સ્તર 5 level. 'There are few occasions when financial markets are volatile due to geopolitics. Something similar has been happening for the last two weeks. The war between Russia and Ukraine is aff...