scorecardresearchIndia's Current account deficit widens to 2.8% of GDP in Q1: Report

India's Current account deficit widens to 2.8% of GDP in Q1: Report

Updated: 30 Sep 2022, 12:12 PM IST
TL;DR.
As the trade deficit keeps expanding month after month, pressure is building on the rupee since many more dollars are going out than coming in. This causes the rupee to weaken or depreciate while strengthening the dollar.
On Wednesday, the Indian rupee reached another record low of 82 against the US dollar, surpassing its previous low of 81.77 marked on Tuesday.

On Wednesday, the Indian rupee reached another record low of 82 against the US dollar, surpassing its previous low of 81.77 marked on Tuesday.