Ex. Professor, M. M. University, Mullana (Ambala)
Online published on 7 June, 2014.
Indian Rupee depreciated gradually against the US Dollar ever since the reforms initiated in 1991. However the rupee faced a record fall of about 24% from May 2013 to August 2013. So why it is that Indian rupee has fallen so fast against dollar? Has the international monetary cooperation broken down? Under this backdrop, this paper talks about the dynamics of the rupee in the global environment and attempts to analyze the probable reasons behind long term fall of rupee. This paper considers the post-reforms period for analysis.
Rupee Depreciation, Exchange rate, Balance of Payment, Current Account, Capital Account, Global Financial Crisis
