Inflation might increase during Navratri and Diwali; Rupee devalued

Mumbai – Inflation might increase in the coming period. The rupee devalued greatly in the Share Market on 22nd September. The exchange rate for 1 USD is Rs 80.28 now. The devaluation of the rupee would affect badly the prices of some commodities during Navratri and Diwali.

The Interest rate of the Federal Reserve Bank of the US has increased by 0.75%; in the next 3 months, it might increase further. It is predicted that this will make crude oil more expensive. As a result petrol price will increase. Besides, the prices of pulses and electronic goods will also increase.

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