Falling rupee and widening current account deficit
There are some new headaches for policy makers this past fortnight. The rupee has been sliding faster. on the other hand, oil price is rising.
Indian currency fell to the lowest at ₹67.13 on May 8 – the lowest in the past 15 months. Last month, the decline to ₹66.08 was the steepest in 12 months since March 14, 2017. A Morgan Stanley Investment Management report states the US dollar rally would continue for a while. With growth in the euro zone flattening and China facing headwinds, the rupee’s fall is not unexpected. The rupee has been the worst-performer in Asia, having weakened 4.2% during the last 12 months against the US dollar. The situation seems to be getting worse, as overseas investors are liquidating their holdings in the equity and debt markets.
هذه القصة مأخوذة من طبعة May 16-31, 2018 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 16-31, 2018 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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