India’s GST Collections Rise, But Rupee Fall Becomes A Herculean Task To Handle
The Indian rupee has slipped to a record low of around Rs 95.35 $1= ₹ 95.35 against the US dollar. Industry experts say the weakness isn’t just a one-off market reaction. It’s a mix of rising crude oil prices, sustained foreign investor outflows, strong US dollar & India’s heavy reliance on imports to fulfill its energy needs.
#geopolitics #rupee #dollar #gst
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