Rupee may fall to 70 per Dollar

The strong dollar put pressure on most major & emerging currencies, rupee was the worst hit in Asia. The rupee has lost nearly 3 percent in the month of July alone. The next trigger for the rupee will now come from the FOMC policy minutes on July 10 and that would set the direction for most assets.
there are reports of the Reserve Bank of India (RBI) intervening at 61.20 levels, the markets haven’t taken these interventions seriously. After a short bout of gains, the currency continued to remain weak.
We import 80 per cent of our crude requirements and so dollars […] Read more

REASONS OF FALLING VALUE OF RUPEE

Yesterday Indian rupee fell to 56 per dollar, a day after the central bank disappointed domestic markets by keeping monetary policy unchanged. India is witnessing a fall all round, from stock market to currency value. Only inflation is increasing.

The crude oil has shown some weakness recently but the depreciating rupee has squared off the benefit of price easing.
Following are the few reasons why value of Rupee is Depreciating:

1. INFLATION: Generally, a country with consistently lower inflation rate exhibits rising currency value, but India is facing consistently higher inflation rate so is the lower currency value. Through higher inflation […] Read more