SOCIO-ECONOMIC VOICES

-Dr. Nikhil Saket,Senior Assistant Secretary, ICAI, New Delhi
Rupee Depreciation and Impact on the Economy
The Indian rupee, which was at par with the American currency at the time of independence in 1947, hit a record low of 66.64 against the dollar today. This means the Indian currency has depreciated by almost 62 times against the greenback in the past 66 years. The currency has witnessed a large volatility in the past two years. This volatility became acute in the past three months affecting major macro-economic data, including growth, inflation, trade and investment
Rupee Depreciation and Impact on the Economy
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Socio-Economic Voices
Dr. S P Sharma Chief Economist, PHDCCI

Focus on manufacturing with reduced costs of doing business essential to sustain recovery and to attain a high growth trajectory... Read more

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