At the interbank foreign exchange, the local currency opened weak at 82.69 against the dollar, then lost ground further to 82.73, registering a decline of 11 paise over its previous close.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sNe2mh5
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The value of the Indian rupee (INR) can fluctuate against other currencies, including the US dollar (USD), due to a variety of economic and market factors. The exchange rate between the INR and the USD reflects the relative values of the two currencies and can change over time.
A decline in the value of the INR against the USD means that it takes more INR to buy the same amount of USD. This can be due to a number of factors, including changes in interest rates, inflation rates, and economic conditions in India and the United States.
It is important to note that currency exchange rates are highly dynamic and can fluctuate significantly over time. It is always a good idea to carefully consider the risks and uncertainties in the foreign exchange market before making any investment decisions. It is also important to consult with a financial advisor or professional before making any investment decisions.
