Why is the rupee level so much in news?
Answer
Answer
Answer
The Indian rupee is in the news these days because it has been rising significantly against the US dollar. On Tuesday, it rallied 112 paise, which was its best gain in a single day in a span of five years. The rupee then settled at 70.44 against the dollar.
This rise in the currency was caused by lowering crude prices which have eased concerns on India’s current account deficit.