Rupee Fall Continues: What's driving The Decline? Dollar Vs Rupee | Economy Update | ET Now

Rupee is inching closer to the 80 per dollar mark almost every day. Today the Indian Currency plunged by 41 paise to record low of 79.36 against US dollar...But it's actually the greenback that is strengthening which is making all other currencies appear weak, you also have volatility in crude prices has further weakened the Indian rupee. The dollar index, which measures the greenback's strength against a basket of six currencies, was up 0.89% at 106.07. On the other hand, it seems like it will be another losing week for indicies on wall street. Concerns about economic growth are hanging over investors after that bleak first half of the year, outlook seems murky for the second half too. ET Now's Vikram Oza dives into the causes behind the pressure on markets as we are joined by Abhishek Goenka, the Founder & CEO, of IFA Global and Peter Cardillo the Chief Market Economist at Spartan Capital Securities...tune in!