How Rupee Fall Affects Common Man

 misc topics  Comments Off on How Rupee Fall Affects Common Man
Sep 042013
 

10 Ways The Rupee Fall Affects You:- 1. Less purchasing power: You get less for every rupee you spend. As the rupee declines, so does its purchasing power. Anything you bought for Rs 100 in January is now worth Rs 116 in cost terms alone by the virtue of the drop in the currency. The rupee has slipped by about 20 percent since the beginning of this year. 2 High interest rates: Your EMIs for auto and home loans, along with interest rate on fresh […]

How RBI and Govt Could Consider to Protect the Rupee

 Business  Comments Off on How RBI and Govt Could Consider to Protect the Rupee
Jul 102013
 
How RBI and Govt Could Consider to Protect the Rupee

The fall in the rupee to record lows has raised the prospect that the government or the central bank could take steps to support a currency seen particularly vulnerable because of a record high current account deficit. Below are measures the RBI and govt could consider to protect the rupee: Dollar-window for oil companies: The RBI could open a dollar window for oil companies to buy dollars directly from the central bank instead of buying from markets, but it would drain foreign exchange reserves. Dollars […]