{"id":35762,"date":"2018-11-01T11:41:08","date_gmt":"2018-11-01T06:11:08","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35762"},"modified":"2018-11-01T11:41:08","modified_gmt":"2018-11-01T06:11:08","slug":"raging-rupee","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/raging-rupee\/","title":{"rendered":"Raging rupee:\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-opinion\/raging-rupee\/article19447801.ece\"><span style=\"font-weight: 400;\">Raging rupee<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">With the considerable good performance of the Indian rupee, The RBI should resist the exporters\u2019 argument for making the rupee cheaper.<\/span><\/li>\n<\/ul>\n<p><b>Current Scenario:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The Indian rupee has turned out to be one of the best-performing currencies in the world with a gain of well over 6% against the U.S. dollar this year to date.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">In fact, the currency hit a two-year high of 63.60, supported by strong inflows of foreign capital.<\/span><\/li>\n<\/ul>\n<p><b>The concern:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Worries about the impact of a strong rupee on exports have risen \u2014 particularly in sectors such as pharma and information technology. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The question is whether it is sufficient reason to experiment with the value of the currency in a way that makes it expensive for Indians to import goods. <\/span><\/li>\n<\/ul>\n<p><b>Suggestion:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Exporters should be pushed to adapt to the uncertainties of doing business across borders.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">And the rupee\u2019s improving external value should be seen, at least in part, as a reflection of the improving quality of the currency.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">At the same time, going forward, tighter monetary policy in the West will invariably exert more pressure on the rupee.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The RBI would then have to muster greater will to let the rupee find its natural value.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Raging rupee:\u00a0 Context: With the considerable good performance of the Indian rupee, The RBI should resist the exporters\u2019 argument for making the rupee cheaper. Current Scenario: The Indian rupee has turned out to be one of the best-performing currencies in the world with a gain of well over 6% against the U.S. dollar this year&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/raging-rupee\/\">Continue reading <span class=\"screen-reader-text\">Raging rupee:\u00a0<\/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-35762","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704856826},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35762","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=35762"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35762\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}