AZADPAKISTAN2009
ELITE MEMBER
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- Joined
- Sep 8, 2009
- Messages
- 37,669
- Reaction score
- 68
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![rupee-notes_650x400_51524126388.jpg](/proxy.php?image=https%3A%2F%2Fi.ndtvimg.com%2Fi%2F2018-04%2Frupee-notes_650x400_51524126388.jpg&hash=9526165224a3a19b4ebbc48eff314d1c)
The rupee today edged higher to 68.34 against the US dollar, but is not very far from its all-time low of 68.87, recorded in November 2016. On Wednesday, the rupee had closed at an 18-month low 68.42 against the US dollar amid capital outflows and concerns over macro-economic conditions. A rising dollar and a surge in global crude prices have also weighed on the rupee. The rupee is down over 6 per cent against the US dollar so far this year. Forex advisory firm IFA Global says that the possibility of rupee heading towards 70 per dollar is increasing. There is a still room for further depreciation from current levels, it adds.
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