Currency depreciation is seen as a taboo and an indicator to depreciating economy (more likely ego).
INR depreciates 3.86% YTD on global woes.
USD/RUB and Crude Price: Aug 22 2014 Y-o-Y till 2015
Capital fled the economy.
$ 75 bn
Depreciation in USD/RUB (Russian Currency)
Fall in Crude Prices (Its Main export)
Blue Blistering Barnacles!!
US, EU, AU
Meanwhile, in other parts of the world
Bombing Ukraine #ThugLife
Good Lord! Just saved from making a EU exit!
Developed country to default on IMF Loan
Debt to GDP
Banks Went Dry
>50% Youth Unemployed. and Strict Austerity Measures
BBC Yahoo Finance World Bank Investing.com Memegenrator
High USD/INR Advantages
Increased Exports revenue
Pharma, IT sector highly benefitted
More value proposition for Foreign Investors
Intl. Cost Competitiveness
Curb luxury imports
BY: BISHAL SENGUPTA
Follow me at: bishalbanksonfinance.wordpress.com