Rupee falls against the dollar! See here Today's Rupee Dollar Exchange Rate
Today, the rupee opened weak at Rs 81.62 against the dollar, which closed at Rs 81.59 the previous day.
Rupee rate against the dollar on Wednesday: Rs 81.59 Gains: 13 paise
Rupee rate against the dollar on Tuesday: Rs 81.72 Drop: 33 paise
Rupee rate against the dollar on Monday: Rs 81.39 Drop: 27 paise
Rupee rate against the dollar on Friday: Rs 81.13 Gains: 23 paise
The value of the Indian rupee is determined by demand and supply, which affects the country's imports and exports.
The rupee rate is also determined by the position of foreign exchange reserves and the demand for the dollar in the country.
The weakness of the rupee has a big impact on our income. Because India has to spend a lot of dollars on this.
India has to import about 80 percent of its crude oil requirement. For which we have to pay in dollars only.
These ups and downs in the rate of crude oil keep on changing the position of the rupee against the dollar.