Dollar heavy on Rupee again, know what is the reason...?
Dollar heavy on Rupee again, know what is the reason...?
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The Indian rupee against the dollar seems to be going through its worst phase these days. The rupee has plunged to an all-time low against the dollar. The Indian rupee was 79 against the US dollar on Thursday. It closed at 99. However, it is not that only the Indian currency has weakened against the dollar. The dollar has also hurt many of the largest economies of the American continent from Europe to the US continent. But the falling value of the Indian rupee is going to prove to be a lucrative deal for some people.

How to get the benefit: That is to say, someone in your house is working in a software company in the United States (USA). Since America's currency is a dollar, then he also gets a salary in this currency. After which he sends his salary to you in India. You can get the amount sent in dollars in Indian rupees after the exchange. In such a situation, if the value of the rupee against one dollar in today's time has become about 80 rupees, then the amount sent in dollars for you is also going to get in the same ratio.

If someone has sent $100 for you, then today it is going to be 8000 rupees in Indian currency. At the same time, if the value of the Indian rupee against the dollar is going to be 70 rupees, then you are getting 7000 rupees. That is, you would have received 1000 rupees less. In this way, even in the midst of the falling value of the rupee, many people are getting strong benefits.

According to the World Bank report, more than $83 billion of money is going to be sent to India in the year 2020 from abroad. At the same time, in 2021, $87 billion came to India. Indians working abroad are sending huge amounts of money to their families in the country. This benefits the foreign exchange fund of the country.

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