Hike In DA (Dearness Allowance) For Government Employees Likely In July

The Rupee is Just a Hop, Jump and Skip Away from 80 Dollars; Dramatic Collapse

It is only a short hop from 80 USD, which underlines a sudden collapse of the rupee this year. The journey includes psychological breaches at several levels.

Recent news has shown that the rupee is at an all-time low, with almost every day hitting a new record. 

Although it has suffered less than some of its counterparts, there are still repercussions for the global economy that can be attributed to the plunge in the rupee.

Partially true, the notion that Russia-Ukraine has influenced the global financial market landscape is partially accurate.

After the US Federal Reserve admitted that it had misjudged ‘transitory inflation’, and was behind the curve in controlling prices at the 2022 turn, the exodus of foreign investors from emerging markets to dollar-denominated assets started.