Rupee depreciation Subject: Economy Context: During the year, the rupee fell to a lifetime low of 83.2 against the dollar. Details: The rupee was the worst-performing Asian currency in 2022, witnessing a fall of around 10 per cent against the dollar. Compared to rupee, depreciation of other Asian currencies was to a lesser […]

    Rupee Depreciation Subject :Economy Section :External Sector Context: After the 1991 crisis, which led to the devaluation of the rupee, there has been no crisis originating in India that has impacted the country’s external sector to an extent that would lead to rupee weakness.  Yet the rupee has depreciated 492 per cent since […]

    Rupee Depreciation Subject – Economy Context – FPI outflow, fears over US Fed taper pull Re below 76-mark Concept – Currency depreciation is a fall in the value of a currency in a floating exchange rate system. In a floating exchange rate system, market forces (based on demand and supply of a currency) […]

    RUPEE DEPRECIATION Subject : Economics Context : The rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. Concept : Appreciation and Depreciation of Currency In a […]