answersLogoWhite

0

Why value of rupees decreasing?

Updated: 11/4/2022
User Avatar

Wiki User

11y ago

Best Answer

Increasing Current Account Deficit [CAD], high trade deficit, slowing economic growth, rising inflation are weakening Rupee. Further Euro Zone crisis and risk aversion [flight of investments to safe haven US] are accentuating Rupee depreciation.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why value of rupees decreasing?
Write your answer...
Submit
Still have questions?
magnify glass
imp