Search ForexCrunch

Reuters quoted a senior Indian Finance Ministry source, as saying that the Indian government now sees the ‘fair value’ of the Rupee (INR) at 72-73 against the US dollar.

The statement comes after the Finance Ministry announced a raft of measures last week to stem the Rupee’s decline.  

The source noted: “The rupee could again come under pressure once the new U.S. sanctions on Iran come into force,” due to a possible rise in oil prices.

The US seeks to cut Iran’s oil exports down to zero to force Tehran to re-negotiate a nuclear deal.

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.

Notice: Undefined index: query in /var/www/site_files/wp-content/plugins/brand-managment/brand-managment.php on line 2082

Notice: Undefined index: source in /var/www/site_files/wp-content/plugins/brand-managment/brand-managment.php on line 2083