On the first day of this business week, the rupee has weakened against the dollar. On Monday, the rupee opened with 24 paise lower than a dollar.
With this fall, the rupee opened at the level of 73.80 rupees per dollar. Earlier on Friday, the rupee closed at 73.56 level.
The effect of rising dollar demand and the rise in crude oil prices can be seen on rupee value. This year, the rupee has seen a decline of more than 16 per cent so far.
For a long time, there has been a continuous decline in the rupee against the dollar. Due to this, prices of foreign goods coming from abroad have led to fears.
On the other hand, the effect of the rupee weakness has also been seen as rising prices of petrol and diesel. With the rise in crude oil prices, the impact of the fall of the rupee in dollar terms can also be seen fuel prices.Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures