Falling rupee Impact

Tags: FinanceGovernment of IndiaGovernor of Reserve Bank of IndiaIndianIndian RupeeInternational Monetary Fundkolkata-st-xaviers-collegeRaghuram RajanThe Prime Minister

Filed under: Events, Lifestyle

The recent talk nowadays other than the focus being on rape cases is the depreciation of the rupee. The Indian economy shows a slow rate in growth according to the latest growth report, in comparison to 2009. Since April to June it grew upto 4.4%, which was a weaker performance as witnessed by economists when earlier it was 4.8% in the initial months of the year. The Prime Minister reported India to be facing such a condition during 1991, when the foreign currency saw a big drop due to which it ...

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