Currency Expert Anil Bhansali on Rupee’s All-Time Low

By A Staff Reporter

Delhi: Currency expert Anil Bhansali discussed the recent decline of the rupee, which has hit an all-time low. "The main reason for the fall of the rupee is the trade reversal in carry currencies. Due to this, carry currencies with higher interest rates have been sold off, and currencies with lower interest rates have been bought in the last few days," Bhansali explained.