AnonymousAsked on 14 August, 2018
What is the highest record of Indian currency against US dollar?
The Indian rupee reached a record high of 7.19 against US Dollar in March of 1973.
RomeshAsked on 14 August, 2018
How will this impact the inflation rate in India?
Fall in the value of rupee can fuel the inflation in a country. In this case, the increase in oil import costs can lead to high Fuel costs and this will ultimately put pressure on economic activity. A falling currency will push the banks to keep the policy rates high for a long time.