Commodities Live: Weakening Rupee Will Push Up Inflation; Import Of All Commodities Will Become Expensive
Zee Business Video Team | Updated: June 28, 2022 08:48 PM IST
Dollar price fell to a low of ₹ 78.84. Gold and silver prices increased due to weak rupee. The import of edible oil will be expensive, the domestic price will increase. Rupee fell 6% from this year's high. The strength of the dollar is putting pressure on the rupee. With a weak rupee, the import of everything will be expensive. 80% crude, 60% edible oil is imported in the country. Air travel will be more expensive due to rising ATF prices. Travelling and studying abroad will be expensive. Manufactured products will become expensive due to increase in crude oil prices.
