India remains one of the fastest-growing major economies globally with robust domestic consumption, government infrastructure investment, and start-up ecosystem. In spite of this great growth narrative, the Indian rupee has been gradually depreciating in terms of the US dollar. This seeming paradox brings critical concerns to investors, business, and common people. Although economic growth is an indicator of strength, currency value is pegged on a number of international and internal factors. Due to increased crude oil prices, the changes in the interest rates around the globe and the outflows of capital, there are numerous forces which are influencing the movement […]
