Increase in Dollar Value

According to a Baaghi TV report, the dollar appreciated against the rupee at the Interbank Foreign Exchange (IFEX) on Thursday, but the dollar remained stable in the local open currency market. The buying price increased from Rs.164.50 to Rs.164.60 and the selling price increased from Rs.164.80 to Rs.164.90. However, in the local open currency market, the buying price of the dollar remained at Rs.164.30 and the selling price remained at Rs.164.80. An increase of Rs.50 was recorded from which the buying price of Euro increased from Rs.182 to Rs.183.50 and the selling price increased from Rs.184 to Rs.185.50. However, the buying price of British Pound remained at Rs.205 and selling price remained at Rs.207.

It is clear that in April 2019, the dollar took a big leap and came to Rs.141.50. May saw a historic rise in its price to Rs.151. In June, the dollar broke all records and reached an all-time high of Rs.164. In July 2019, the dollar value decreased to Rs.160 in the interbank market and Rs.161 in the open market.

At the end of October 2019, the rupee appreciated further and the dollar depreciated to Rs.155.70. At the end of November 2019, the buying price of the dollar was Rs.155.25 and the selling price was Rs.155.65. The dollar has been depreciating steadily for the past six months, falling by Rs.9.