Syllabus: Economics Source: TH Context: The Indian rupee recently experienced a sharp decline in value against the US dollar after a period of relative stability. What is Devaluation? Devaluation refers to the deliberate downward adjustment of a country’s currency value against foreign currencies, typically carried out by the central bank. It is used to enhance …
GS Paper 3 Syllabus: Indian Economy and related issues Source: IE Direction: The article highlights the reasons behind the depreciation of the Indian Rupee and presents an outlook for 2023. Context: The Indian rupee depreciated by around 10% against the US dollar in 2022. The performance of the Indian rupee in 2022: …
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Insights MINDMAPS: “Rupee Depreciation”. Rupee Depreciation Rupee Depreciation
Insights MINDMAPS: “Rupee Depreciation” and “Contract Farming”. Rupee Depreciation Contract Farming Rupee Depreciation Contract Farming
The Big Picture – Rupee Crash: Is it due to international factors? Summary: Indian rupee has been going through some difficult times for the last one and half years. After having reached unprecedented lows last year touching over 68 rupees to a dollar, it had regained some ground earlier this year. However, it has once …
Continue reading “The Big Picture – Rupee Crash: Is it due to international factors?”
Also called ‘Further Liberalisation Measures for Capital Account Transactions’ – RBI has announced following steps to arrest the slide of Rupee: It has been decided to allow Indian companies in manufacturing and infrastructure sector and having foreign exchange earnings to avail of external commercial borrowing (ECB) for repayment of outstanding Rupee loans towards capital expenditure …
Continue reading “Measures Announced By RBI To Stop Rupee Slide (June 25)”
