Rupee Inches Close To 80 A Dollar: Here's How It Will Impact Consumers

The consistent depreciation in the value of the Indian rupee against the dollar is a matter of concern for economy watchers. The rupee has fallen for four consecutive sessions, reaching a new record low of 79.90 while recovering by seven paise during the day on Thursday. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said.