Whilst the country celebrates the end of Ramadan, the financiers of this country struggle to stem the fall of the INR.
India’s fall as an Asian export country is what the country says; the real blame is the mismanagement the exchange rate, reducing adverse impact on the currency. Also there are trade deficits that the country subliminally reproduces, but the deficit promises to reduce (from the existing $900m for 1$ barrel increase in crude import price).
At 61.71 INR per USD, stemming gradual fall is the primary task for the next Governor of the RBI.
*This is for educational purposes only*