Indian Rupee Declined To An All-time Low Of 76.96 Against The US Dollar

The major revision currently taking place in the Mumbai Stock Exchange has created opportunities for investors to buy good quality stocks at attractive prices. A similar situation occurred during corona infection.

Russia continues to invade Ukraine, which increases the tension among the nations. US and European countries are planning to impose sanctions on Russia, raising crude oil prices to dollar 130. And fears of a US Central Reserve interest rate hike are high among investors. And strong US employment data have created a robust environment for interest rate hikes.

The main reason behind the hike is the Russia-Ukraine war and the rise in interest rates on the US Central Reserve. In response, foreign investors today withdrew large sums of money from the Indian market.

Domestic and foreign investors in financial, IT and consumer goods companies have been selling more shares since the start of trading on the Mumbai Stock Exchange after crude oil prices touched dollar 130 as the rise in crude oil prices will have a major impact on the Indian market.

The Indian rupee declined to an all-time low of 76.96 against the US dollar in today's trade. The main reason for this decline is the price of crude oil and the continued outflow of foreign investment from the stock market.

Stock market investors should continue to invest if they have a long-term investment plan; otherwise, they should continue to invest after examining the market turmoil and trading and examining long-term investment. The significant revision currently taking place in the Mumbai Stock Exchange has created opportunities for investors to buy good quality stocks at attractive prices. A similar situation occurred during corona infection.

Following the decline of Rupees value against the US Dollars, the hashtag Rupees to going trending on Twitter. Many memes and caricature memes are spreading on social media with sarcasm.