Vol. 7 No. 1: April 2012
The rupee has been witnessing sharp volatility in recent times. It plunged to a record low of 56.38 against US Dollar. The rupee was around 19 against the US Dollar in 1991. This means, the Indian currency has depreciated by 197 percent over the 21 years against the dollar. It affects individuals’ expenditure, growth and income. Fall in rupee value attributes to more spending for same products or services. Prices of petrol has been increasing in three times in the last four months. Oil marketing companies incur losses due to depreciation in rupee. As impact of decrease in rupee value, higher dollar is paid out on imports and exports also are adversely affected. The Government and the policy initiators have to do more on various fronts. Now, the present issue is taking us to the 7th year of publishing. We have done a lot to facilitate printing of good articles. Our new full interactive website has started working.
Published:
01-05-2012
