New Delhi. What had been fearing economists for the past several days, finally, today that thing has come true. Today, on Tuesday, July 19, the rupee has fallen to its lowest level. It is being described as the lowest level of rupee against the dollar till date. Let us tell you, in the last few days, the rupee has come down quite sharply against the dollar. Today, on Tuesday, July 19, 2022, 1 dollar has gone below 80 rupees. Let us tell you, in the previous session, the rupee had closed at the level of 79.97 per dollar. In comparison, today it has opened at Rs 79.98 per dollar. But, immediately after this, the rupee has fallen to Rs 80.05 per dollar. Looking at the RBI data, Finance Minister Nirmala Sitharaman said in a written reply on Monday, July 18, that the rupee has fallen by 25 percent as compared to December 31, 2014.
The rupee was 63.33 against the dollar at that time. He also told that due to the ongoing dispute between Russia and Ukraine, crude oil prices have increased, due to which such situations have arisen. The rupee on Tuesday touched its all-time low of 80.05 against the dollar in opening trade on Tuesday amid a firming US currency and rising crude oil prices. In the inter-bank foreign exchange market, the rupee opened at 80 against the US dollar, but soon fell to the level of 80.05.
This fall shows a weakness of seven paise in comparison to the previous closing price. After touching the level of 80 for the first time on Monday, the rupee had closed at 79.98. Global oil benchmark Brent crude futures fell 0.35 per cent to $105.90 per barrel. According to the data obtained from the stock market, foreign institutional investors had made net purchases of shares worth Rs 156.08 crore on Monday.