Why our currency value is Falling day by day?
PrintListen to this Article
Usual discussions on the fall in the rupee bring up macro-economic matters such as slowing economic growth, corporate earnings and market volatility. However, the woes aren't restricted to corporate corridors or the Dalal Street. For the common man, the falling rupee is going to hit where it hurts the most-the pocket.
From essentials such as food and education to foreign vacation and the swanky gadget you plan to buy, the falling rupee will hurt you in more ways than one.
The Main reason behind the falling value of rupees are as follows:
There are domestic and global reasons for the rupee’s free fall against the US dollar. Among domestic reasons are high current account deficit and growth concerns. On the global front, the recovery in the US economy is expected to prompt the central bank there to end the loose monetary policy by the year end. Anticipating this, foreign investors are pulling out their money from India to invest it back in the US, which is resulting in a scarcity of dollars in India. This is not India specific. All emerging market currencies are witnessing a similar capital flight. US recovery is also boosting the dollar strength.
Crude palm oil prices set the pace for prices of other edible oils. It is imported in large quantities and any rise in its price will add to the inflationary pressure.
India is probably the most important county in the world when it comes to gold, and for good reason: Indians are the largest holder of gold in the world; gold is estimated to make up 7% of all Indian household savings; India is currently the largest consumer of gold in the world accounting for approximately 30% of demand; over 90% of India’s gold is imported; from 2001-2011 India’s population grew 17.7%; by 2030 India is expected to be the most populated county in the world (Source: World Gold Counsel, Census of India).
Category : RBI | Comments : 0 | Hits : 1258
Amendment in Negotiable Instrument Act, 1881 for cases of DISHONOUR OF CHEQUE The Negotiable Instruments (Amendment) Act, 2018: The Negotiable Instruments (Amendment) Act aims to amend the Negotiable Instruments Act, 1881, asking the drawer of a cheque that has been dishonoured to pay interim compensation to the complainant. In case the drawer of the cheque is acquitted in the case, the complainant has to repay the drawer the interim compensation with interest. The repayment has to be...
This is to notify you all that, RBI through its Master Circular dated June 7th, 2018, has introduced Single Master Form (SMF) for all types of reporting in respect to Foreign Investment in India. Implementation of the SMF means that all the Indian entities who have received Foreign Investment in past, have to report the total foreign Investment in a Specified Format. This reporting can be done online from 28th June to 12th July 2018. In order to enable c...
100% FDI in “Other Financial Services” - a move to attract more foreign capital in India The Reserve Bank of India issued a notification permitting 100 percent foreign direct investment in ‘Other Financial Services’ carried out by non-banking finance firms under the automatic route. According to the provisions of present regulations, foreign investment in NBFC up to 100 percent through automatic route was allowed only for following 18 activities: (i) &n...
Dear CA friends, Arbitrary criteria exist for the allotment of audit of public sector units. Every department made their own different rules and conditions for appointment though there is existence of ICAI Multipurpose empanelment form(MEF). There is something which is hidden and not transparent. Individual or Proprietor ship concerns are not eligible for PSU Audit only because of non-fulfilment of experience condition. A proprietor ship concern never get experience until...
a. Corporate buyer sends purchase order to MSME seller b. MSME seller delivers the goods along with an invoice. There may or may not be an accepted bill of exchange depending on the trade practice between the buyer and the seller. c. Thereafter, on the basis of either an invoice or a bill of exchange, the MSME seller creates a
Comments