Subject/Topic Wise Current Affairs for UPSC Exam

Rupee Depreciating

Indian Rupee Depreciation

Indian Rupee Depreciation In 2022, the Indian Rupee saw a 10% decline against the US dollar, making it the worst-performing Asian currency. This decrease was mostly caused by the US dollar's rise as a result of its safe-haven appeal during global recession and inflation fears as well as the Russia-Ukraine war. In 2022, How did the rupee perform? The rupee hit a record low against the dollar of 83.2 during the year. Other Asian currencies depreciated to a lower amount than the rupee. The value of the Chinese Yuan, Philippine Peso, and Indonesian Rupiah declined by about 9% during the…

02 January, 2023 Rupee Depreciating

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STEP TO BOOST FOREX INFLOW

STEP TO BOOST FOREX INFLOW Recently, the Reserve Bank of India (RBI) has undertaken measures to increase forex inflows, amid the depreciation of the Indian rupee. Why has the RBI taken Measures to Boost the Forex reserve? Indian Rupee has depreciated 4.1 % to 79.30 against the US dollar in the current financial year (FY 2022-23) amid ongoing geopolitical tension. Foreign Portfolio Investors (FPIs) have moved out Rs 2.32 lakh crore in six months from the Indian market. India's forex reserves, over the last 9 months, have declined by USD 50 billion to USD 593.3 billion. What is a Forex…

19 July, 2022 Rupee Depreciating

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Navigating the Rupee depreciation

Navigating the Rupee depreciation The rupee has been falling and recently, the rupee fell sharply by 105 paise. It is considered as one of the biggest single-session falls in 20 months. Currently, the rupee stands at 74.47 against the US dollar. Reasons for Rupee Depreciation A combination of factors are responsible for rupee depreciation, such as Concerns over Covid-19 has created uncertainty in the market. This affected the FDI(Foreign Direct Investment) and FII(Foreign Institutional Investment). So the rupee weakens further. RBI’s Government Securities Acquisition Programme (G-SAP) that seeks to buy bonds worth Rs 1 lakh crore might be one of the reasons. It is…

10 April, 2021 Rupee Depreciating

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Analysis of Depreciating Rupee

Analysis of Depreciating Rupee Part of: GS-II- Labour reforms (PT-MAINS-PERSONALITY TEST) The value of the Indian rupee against dollar has significantly declined to the level of Rs 76 further impacted by COVID-19. Fall in the rupee has become a matter of concern as it can slow down the economic growth, corporate earnings, and can lead to market volatility. Currency depreciation for any developing economy could be a major stumbling block in its growth. It calls for measures to encourage exports and strengthen the manufacturing sector to reduce import overdependence. Government has announced several steps including steps to curb the import of…

17 April, 2020 Rupee Depreciating