Rupee vs. Dollar

[Kunal]

This week, the value of the rupee declined in relation to the value of the dollar. Is this the beginning of a market decline in India? Will the decline of the Indian rupee lead to a slowdown in our economy?

[Siddarth]

A weaker rupee means India needs to export more in the global market. But it may increase import costs and inflation, which ultimately benefits the exporters and other sectors. This is a short-term dip, and this is not going to impact the economy of India. The economy depends on various other factors like agriculture, industries, service sectors, foreign trade, and many more.