{"id":1268,"date":"2022-03-07T12:11:35","date_gmt":"2022-03-07T12:11:35","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1268"},"modified":"2022-03-09T17:36:54","modified_gmt":"2022-03-09T17:36:54","slug":"usdinr-skyrocketing-lifetime-high-at-77-13","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/usdinr-skyrocketing-lifetime-high-at-77-13\/","title":{"rendered":"USDINR skyrocketing; Lifetime high at 77.13"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>With days passing, and with no signs of Russia taking any step back from Ukraine and continuing its operation to invade Ukraine and achieve its motive, all commodities are skyrocketing. The dollar being the favorite commodity during panic times after the yellow metal gold has started to appreciate among Indian currency and even against the basket of major currency.<\/p>\n\n\n\n<p><strong>USDINR<\/strong><\/p>\n\n\n\n<p>The Indian rupee has been struggling hard to hold on to its value even at Rs 73-Rs74. With crude oil prices going high and US fed dwelling its stance on interest rate coupled with an ongoing geopolitical hue between Russia-Ukraine INR is continuously losing its value against green bucks. The last highest level seen by USDINR was at 77.018, on 22 April 2020. After twenty-two months, INR saw a level of 77.17. Further continuous pulling out of investment by foreign institutional investors also weighed heavily on Indian Currency. To date of March 2022, FII\u2019s have made a net sale of Rs18,614.61 crores.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"447\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-1024x447.png\" alt=\"\" class=\"wp-image-1269\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-1024x447.png 1024w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-300x131.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-768x335.png 768w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-1536x671.png 1536w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-520x227.png 520w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-800x349.png 800w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr-1200x524.png 1200w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/usdinr.png 1821w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>USDINR<br><\/figcaption><\/figure>\n\n\n\n<p><strong>Implication on Indian\nEconomy for INR depreciation<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>This will give some boost to export, as the export will get cheaper.<\/li><li>Imported products will become relatively costly, like crude<\/li><li>NRI investment in the market may increase<\/li><li>Stock markets become jittery. (Nifty continued to weaken for three consecutive sessions and has breached the level of 16,000)<\/li><\/ul>\n\n\n\n<p><strong>Dollar Index<\/strong><\/p>\n\n\n\n<p>The dollar index indicates the value of the dollar relative to the value of a basket of six currencies of the majority of the U.S.&#8217;s most significant trading partners. The basket includes Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"434\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-1024x434.png\" alt=\"\" class=\"wp-image-1270\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-1024x434.png 1024w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-300x127.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-768x325.png 768w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-1536x651.png 1536w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-520x220.png 520w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-800x339.png 800w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1-1200x508.png 1200w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/dxy-1.png 1815w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Dollar Index<\/figcaption><\/figure>\n\n\n\n<p>The dollar index has touched\nthe level of 99.21 as of 7<sup>th<\/sup> March 2022, a level last seen almost in\nMay 2020, during the beginning stage of pandemic Covid-19. The dollar index has\nbeen continuously rising for the past 10 months. Since the start of Russian\nmilitary intervention in Ukraine, green bucks seem to be flexing muscles\neconomically, with their value appreciating every single day in the last week.<\/p>\n\n\n\n<p>Investors must stay\ncautious, as the dollar may continue to appreciate against major currencies and\nIndian currency as well until a solution is found for the Russia-Ukraine\ntension is found.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,160<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1268\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>With days passing, and with no signs of Russia taking any step back from Ukraine and continuing its operation to invade Ukraine and achieve its [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/usdinr-skyrocketing-lifetime-high-at-77-13\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1271,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,10],"tags":[],"class_list":["post-1268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1268"}],"version-history":[{"count":32,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1268\/revisions"}],"predecessor-version":[{"id":1337,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1268\/revisions\/1337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1271"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}