manishsinghon
Manish Singh
Hi guys,
Due to European financial crisis the value of Rupee has been depreciated which has resulted in an increase in the value of dollar. Thus, affecting the economy. The demand of dollar has increased in contrast to that of Rupee and has startled our economy. It has resulted in the depreciation of the Purchasing Power Parity (PPP).
Depreciation of Indian Rupee has resulted in increase in inflation and thus, stagnant growth of the economy. Other than that the exporters gain from the depreciation of Rupee as they get more of the local currency in exchange of the foreign one.
The depreciating value of Rupee is like a boon to Indian IT sectors as it generates more than 80% of their revenue from overseas market and this will enhance their actual realization of revenue.Emigrants living outside India also benefits from this depreciation.
What are your views…
Due to European financial crisis the value of Rupee has been depreciated which has resulted in an increase in the value of dollar. Thus, affecting the economy. The demand of dollar has increased in contrast to that of Rupee and has startled our economy. It has resulted in the depreciation of the Purchasing Power Parity (PPP).
Depreciation of Indian Rupee has resulted in increase in inflation and thus, stagnant growth of the economy. Other than that the exporters gain from the depreciation of Rupee as they get more of the local currency in exchange of the foreign one.
The depreciating value of Rupee is like a boon to Indian IT sectors as it generates more than 80% of their revenue from overseas market and this will enhance their actual realization of revenue.Emigrants living outside India also benefits from this depreciation.
What are your views…