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What is Impact of 100 Billion Rupees Depreciation about?
The Indian rupee has been continuously depreciating against the US dollar over the past few months due to factors like rising crude oil prices and strengthening of the dollar. This has made imports more expensive and inflation is rising, while exports have become cheaper. However, a weaker rupee alone may not boost exports as global demand remains subdued. If the rupee falls too much it could negatively impact the Indian economy through higher import costs, a rising debt burden, and pressure on foreign exch
- Author
- Autonomo Us
- Language
- EN