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Anonymous

Anonymous

Asked on 14 August, 2018

What is the highest record of Indian currency against US dollar?

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Answered by

NewsBytes

The Indian rupee reached a record high of 7.19 against US Dollar in March of 1973.

Romesh

Romesh

Asked on 14 August, 2018

How will this impact the inflation rate in India?

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Answered by

NewsBytes

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.

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