During last few weeks Rupee value against US Dollar continued to be falling due to withdrawal of investments in Central Bank Bonds, Fall in Stock market, change in Foreign Currency reserve.As a result of this tendency, although gold price has come down, local consumers couldn’t manage to get the benefit. Further, price of certain imported essential goods were seen increased. Day before yesterday rupee value against US dollar was 150.
But continuous falling rupee value has stagnated yesterday (31st) and increased to Rs 146 against US Dollar.
