Rupee vs Dollar: Record fall in rupee against dollar, reached below 82

The rupee on Friday fell 16 paise to 82.33 against the dollar. This is the weakest level of the rupee against the dollar so far. Over the past few days, due to global volatility, the dollar has been steadily strengthening against other currencies of the world.

The dollar index, which tells the strength of the US dollar, has once again seen a rise and has climbed to 112. This has caused other strong world currencies such as the euro, yen and British pound to fall to decades low.

The rupee has underperformed against the dollar since the Russia-Ukraine war. Since the beginning of this year, it has fallen by about 10 percent. According to the Interbank Foreign Exchange, today the rupee opened at 82.19 against the dollar, but it fell to the level of 82.33 in early trade itself. On Thursday, the rupee had closed at a record level of 82.17 against the dollar.

Almost all major currencies of the world are under pressure since the US central bank Federal Reserve raised interest rates. The Fed raised interest rates by 0.75 percent for the third time in a row last month. Along with this, the interest rate estimate was raised, after which American investors are withdrawing money from the world markets and this is one of the major reasons for the fall in the value of the rupee.