STUDY OF THE REASONS FOR THE CONTINUOUS DECLINE OF INDIAN CURRENCY

In the current era, the currency of India’s ‘rupee' has been seen to fall continuously. According to the data, from January 2018 to the month of July, its value had dropped by an average of eight percent. For the time being, the investors have to spend 72.93 rupees to buy a dollar.  The question is that after the Russian currency 'ruble' in the BRICS group (Brazil, Russia, India, China, and South Africa) it is the Indian 'rupee' whose value has dropped the most, which is a matter of concern. History testifies that the Indian rupee has been devalued thrice since independence. Indeed, Azad India also followed the IMF's parity system. It is claimed that on 15 August 1947, the exchange rate between the dollar and the rupee was 1 USD = 1 INR, but today one has to spend 72.93 rupees to buy one dollar. The Government of India is being held responsible for the 73% fall in the value of the rupee in 74 years. But to find out the real reasons for this, there is a lack of research on this subject. It is natural to raise the question that what reasons have changed in the current way that India's currency is getting weaker than other currencies, including the US dollar? With a view to finding out the reasons for the recent fall in the value of the currency of India, to know the advantages and disadvantages of the fall in the value of the currency of India, this research topic has been chosen.

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Keywords: India’s ‘Rupee', GDP Growth, Value of the Currency, Dollar.


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