One of my friend asked this question to me on whatsapp very innocently and i thought what better then to explain it here so that other people also can benefit. if we see this graph we can see clearly that rupee is falling consistency against dollar . But this is not due to indian economy doing badly but is a global phenomenon due to inflation in usa , the central bank is tightening its grip and raising interest rates . This rise in interest rate is expected to continue so much that iMF's economic outlook has predicted year 2023 as year of recession . M Mm D Mmm9 Mmmmmzll Mmmmmmmmmmmmmmmmmmmmmmmmlmmmmmmmlmmmmmmmmmmlmlmmm I8,a As usa federal reserve is raising interest people are pulling their money called for9 eign portfolio investment from developing and poor countries to a safer bond market in usa , this raises demand for dollar. we also have a deficit in current account with rest of the world due to which we demand dollar , also t...
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