Rupee hits new low: Dollar getting stronger against other currencies, says Market expert

Updated:7 years ago

Mumbai, Oct 11 (ANI): Indian rupee hit an all-time low of 74.45 against the US dollar on Thursday. Market expert Sunil Shah reacted on the same and said that Dollar is getting stronger than other currencies instead of rupee becoming weaker. He added that Dollar is strengthening because of the federal policies and sale of Foreign Portfolio Investment (FPI) is making Dollar stronger. “Oil prices are also pushing rupee downwards,” added Shah.

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