{"id":29383,"date":"2018-10-26T10:25:14","date_gmt":"2018-10-26T04:55:14","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29383"},"modified":"2018-10-26T10:25:14","modified_gmt":"2018-10-26T04:55:14","slug":"rupee-rout","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rupee-rout\/","title":{"rendered":"Rupee rout"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/opinion\/editorial\/rupee-rout\/article23906229.ece\">Rupee rout<\/a><\/p>\n<p>Rupee depreciation<\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>The Indian rupee recently fell below 68.07 against the U.S. dollar, lowest level in 16 months.<\/li>\n<\/ol>\n<p><strong><u>Important facts:<\/u><\/strong><\/p>\n<p>2. The rupee has weakened 6.2% in 2018. \u00a0This is due to:<\/p>\n<ul>\n<li>Rise in crude oil prices,<\/li>\n<li>rising geopolitical tensions in West Asia, and<\/li>\n<li>Decreasing global supply.<\/li>\n<\/ul>\n<p>3. India\u2019s merchandise exports are in a poor position. As for example:<\/p>\n<ul>\n<li>April, 2018 had a decline in exports from employment-intensive sectors.<\/li>\n<li>The value of oil and petroleum product imports increased by 41.5% from last year.<\/li>\n<li>Investors in search of higher risk-adjusted yields have started to pull money out of emerging markets.<\/li>\n<li>Yields on emerging market bonds have risen as investors sold them off aggressively.<\/li>\n<\/ul>\n<p>4. Measures to increase exports:<\/p>\n<ul>\n<li>Facilitate swifter GST refunds and<\/li>\n<li>Taking on tariff and non-tariff barriers from the developed world.<\/li>\n<\/ul>\n<p>5. Efforts to diversify India\u2019s energy sector also needs to be stressed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rupee rout Rupee depreciation News: The Indian rupee recently fell below 68.07 against the U.S. dollar, lowest level in 16 months. Important facts: 2. The rupee has weakened 6.2% in 2018. \u00a0This is due to: Rise in crude oil prices, rising geopolitical tensions in West Asia, and Decreasing global supply. 3. India\u2019s merchandise exports are&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rupee-rout\/\">Continue reading <span class=\"screen-reader-text\">Rupee rout<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29383","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704915339},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29383"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29383\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}