Rupee Opens At New Low of 72.06 To A US Dollar In Early Trade, Experts Blame Global Market

Team Latestly

Rupee has become Asia’s worst performing currency. Speaking on this issue Market expert, Sunil Shah said that this situation has occurred due to international reasons. Speaking to ANI, he said, “Rupee is one of the worst performing currency if you compare to the other emerging markets, but reason being that rupee was quite stable for some times and under the current scenario geo-political instability, tariff war. Safe heaven is considered to be dollar when it comes to currency. Money is moving towards dollar and emerging market currencies are all taking beating. It’s an international reason not due to local reason rupee is weakening.”

(The above story first appeared on LatestLY on Aug 26, 2019 03:55 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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