Economists' opinion on rupee fall:
Economists believe that due to the increase in the trade deficit, the rupee may fall further.
The rupee had fallen to its all-time low of Rs 80.06 against the dollar last week. And still, the decline continues.
Market experts believe that the rupee may fall further to 82 per dollar against the dollar in the near future.
According to sources, the US Federal Reserve may increase interest rates by 0.50-0.75 percent in July's meeting.
Global economists believe that the outflow of foreign capital from emerging markets like India may be faster.
In the near future, due to dollar outflow and higher crude oil prices, the rupee may further depreciate.
Experts predict that the rupee will remain under pressure in the near future and the rupee-dollar exchange rate will be volatile.
According to economists, the exchange rate may remain at Rs 78 per dollar by March 2023. Which was 76.2 in March 2022.
Let us tell you that due to expensive imports, the trade deficit increased to a record level of $ 26.18 billion in June.
The trade deficit widened to $70.80 billion in the current fiscal quarter. Which is the main reason for the fall of the Rupee.