By: Radhakrishna N S
There is nothing to worry about depreciation of Indian Rupee (INR) against US Dollar (USD) as the fall in the currency value is due to external factors and the Indian currency is in line with other currencies of the globe, said Subhash Chandra Garg, India’s Economic Affairs Secretary on Tuesday (14) attributing the depreciation of INR to foreign factors. INR touched its historic low of 70.09 against UDS on Tuesday (13) on strong global fundamentals. Investors eyed on USD as a safe haven as bearish Turkish currency, lira continued its bearish trend against USD on Tuesday also. Lira has witnessed…
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