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Does Rupee continue to depreciate?
Our currency continues to depreciate, according to recent headlines. The rupee plunged over 50 paise reportedly to move past the psychologically crucial 87 to the Dollar mark on heavy month-end importer demand for Dollars. For some market groups, particularly Non-Resident Indians (NRIs) wishing to invest in the country, the rupee's depreciation offers good chances in addition to major problems.
When the INR depreciates, it becomes very profitable for foreign nations to import commodities from India. As a result, exports also become more affordable. Short-term effects of a devaluation typically include stronger growth, inflation, and an increased market for foreign exports.
We have consistently observed rupee devaluation alone, which is a relatively difficult concept to comprehend, but it certainly appears that awful days will ensue from such a poor circumstance.
When the INR devalues, it becomes very profitable for foreign nations to import goods from India, which lowers the cost of exports. Short-term effects of a devaluation typically include stronger growth, inflation, and rising demand for foreign exports.
Has our political appeal increased before this recent wave of depreciation? That sort of standing persists making the financial situation slightly worse. Attempts to control this type of situation have always failed miserably.
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