Shadowing the domestic and international trends concerning the value of Indian Rupee in the market, the value has reached new altitudes of 69.90 against a single dollar of US currency. Although this being less important directly affecting the consumers, it acts as the game changer of the economy. Conceptually, currency depreciation is a fall in the value of a currency in a floating exchange rate system.
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The value of rupee against the US dollar has again depreciated by 15 paise today at the interbank foreign exchange.The rupee on Monday had fallen by 18 paise to close at 70.87 per dollar. However, today the value of one dollar counts to Rs. 71.02.