Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

How much did the rupee slide?
Jun 26, 2013


Is Rs 60 per dollar set to become the new normal in terms of India's exchange rate? Ex RBI governor Dr Bimal Jalan believes that the 35% depreciation of rupee versus dollar over past two years can be blamed squarely on policy deficit. If the country continues to import without focusing on exports and trade balance, its BoP situation is bound to go out of hand. Once the trade deficit situation is checked, it would automatically ease pressure on the external debt situation.

Source: Trent

This Chart Of The Day was published in The 5 Minute WrapUp - Will government wait for 1991 like crisis to respond?

Equitymaster requests your view! Post a comment on "How much did the rupee slide?". Click here!

  

Our Most Popular Charts

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS