Tag: INR depreciation
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Why Rupee Hit All Time Low and What Does it Mean for Steel Industry?
The Indian Rupee was one of the resilient currencies in the world till the beginning of 2018. Since 2018, it has tumbled about 8 per cent in value against the US dollar. The Rupee on Thursday morning hit an all time low to 69 per US dollar. Let us see, what is driving this depreciation…