New Delhi: The Central government, in a written reply in Parliament on Tuesday, listed reasons for the depreciation of the Indian rupee against the dollar. It blamed the US-China trade war, US rate hike, and the coronavirus pandemic for the falling rupee. The government also held the Russia-Ukraine conflict responsible for the rupee crossing 80 against the dollar. “Various global factors have contributed to the depreciation of the Indian Rupee over the years which include the US-China trade war in 2018, the rate hike by the US Federal Reserve in 2018 and Covid-related disruptions in 2020,” the Ministry of Finance…
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