DEPRECIATION OF RUPEE WITH RESPECT TO US DOLLAR

DEPRECIATION OF RUPEE WITH RESPECT TO US DOLLAR
Author(s):
Akshay Sriharsha Tadi
Keywords:

Abstract
The depreciation of the rupee has become a household topic nowadays and with the rupee hitting lower and lower levels it is instilling the citizens of India with fear. A country’s economic system is vastly dependent on how its currency is doing and it is our job to at least understand the rupee’s situation briefly. This paper will focus on how the rupee value has changed since 1947, some of the causes and effects of a depreciated rupee in current time and the measures the government has already taken and what it, along with the citizens, can further do to help grow the rupee or at least keep it from falling further. Specifically speaking about the causes and effects, the paper will touch up on the topics of interest rate hikes, imports and exports, increased cost of traveling and education abroad, increasing oil prices, fiscal deficit and gold prices. All the research done is through online resources from trusted websites with a main objective of providing an understanding to the readers about the Indian economy and rupee fluctuations.. It would also like to show that the rupee depreciation has more negative effects than positive effects and strict measures should be taken to improve it.
Article Details
Unique Paper ID: 156595 Publication Volume & Issue: Volume 9, Issue 4 Page(s): 442 - 449
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