India’s rupee has seen its biggest drop this year since 2013, with the Indian rupee decrease by 10.14% by the end of this year.
When started last year, the Indian rupee was at 84 rupees against the US dollar and then fell to 75.
Consider to the growing rate of the dollar, the Indian rupee was considered the country with the lowest currency in Asia, along with the decrease in the Indian rupee, but the Japanese currency also showed a significant decrease consider to the dollar.
According to economists, the decline in the Indian rupee also occurred because when the war between Russia or Ukraine broke out, the price of oil was increased, due to which India’s present account was in deficit by the end of September. Began to touch the heights.