The Real Reason Why Indian Rupee Is Falling! #indiarupees #rupeevsdollar #rupeefalling

🌍 The Indian Rupee's Decline: What's Happening? 💸

Hello, friends! In today's video, we dive into the recent fall of the Indian rupee, which has now crossed the ₹85 mark against the US dollar! 📉 Just a decade ago, the exchange rate was around ₹61, and at the start of 2024, it was ₹83. So, what’s causing this significant depreciation? Let's break it down!

📊 Key Factors Behind the Rupee's Decline:

➡️ Trade Deficit: In October 2024, India's trade deficit soared to $26.83 billion! This means our imports are exceeding exports, leading to increased demand for foreign currency (dollars) and putting pressure on the rupee. 📦➡️🌎

➡️ Foreign Investment Outflow: This year alone, foreign investors pulled out approximately ₹43,856 crore from Indian markets. This outflow adds extra strain on our currency. 💔💰

➡️ Rising Inflation: Retail inflation hit 6.77% in October 2024, surpassing the RBI's target. High inflation makes our exports less competitive and raises import costs, worsening the trade deficit. 📈🔥

➡️ Crude Oil Prices: With crude oil prices rising by over 10% this year, household budgets are feeling the pinch! Higher oil prices lead to increased import bills and further strain on the rupee. ⛽💥

➡️ Economic Growth Concerns: The economic growth rate slowed to 5.4% in Q2 of this fiscal year, raising concerns about stability and investor confidence in India. 📉🤔

💡 Implications of the Decline:

Costly Overseas Travel: A trip to the US that cost ₹5 lakh last year now costs around ₹5.75 lakh! ✈️💸
Increased Debt Burden: A weaker rupee makes foreign loans more expensive when converted into rupees, increasing our debt burden. 📊💔

Need for Action: Experts suggest that the government should enhance exports and create a more investment-friendly environment to stabilize the currency and boost economic growth. 🚀🇮🇳
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Hashtags : #indiarupees #rupeevsdollar #rupeefalling #rupees #dollar #indiacurrency

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