The Indian Economy is suddenly faced with numerous issues, among them a sharp devaluation of the national currency, the rupee. And the rupee’s performance has been much in the news in recent weeks.
Rupee
Dollar supremacy and lessons to be learnt
The supremacy of Uncle Sam in the global scene can be gauged by how the Federal Reserve’s action on quantitative easing (QE) can cause pandemonium across the globe.
What’s Behind the Declining Rupee ?
The Indian rupee, which is known for being mercurial, has only cemented its reputation after its recent sharp slide to a record low, dropping from 56.51 rupees per dollar on May 31 to 58.41 on Thursday. However, the currency’s poor performance began earlier this year — since late April, the cumulative decline has been 8.7 percent, with a 4.2 percent fall in May alone.