Indian Rupee

The country will not accept jobless growth

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I can scarcely believe that 31 years have rolled by since the bugle was first sounded on a change of economic policy: devaluation of the rupee on July 1, 1991. It was a dramatic move, disruptive, and was vehemently denounced. The Opposition was so strident that PV Narasimha Rao wanted to put on hold the … Read more

How a weaker rupee will impact the Indian economy and people?

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For the first time, the Indian rupee breached the psychological barrier of 77 against the dollar on Monday to close at a record low of 77.46, raising fears that India’s inflation situation could worsen. Retail inflation in March neared the 7% mark, largely reflecting the impact of geopolitical spill overs and a Reuters poll suggested … Read more