Country / Finance

Rupee Falls

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*

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s