News From Press International funds can provide protection against rupee depreciation

International funds can provide protection against rupee depreciation

Source: Business Standard Dec 16, 2021

The rupee has been weakening in recent times against the dollar. On Wednesday, it closed at 76.23, a level it had last seen on April 27, 2020 (more than 19 months earlier). Its depreciation against the dollar and other hard currencies has assumed greater significance in recent years because more Indians now wish to educate their children in foreign universities.

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