2014•Zenith international journal of business economics and management researchRequires access
Devaluation of rupee – A pivotal issue for an Indian economy
Rachna Agrawal
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Abstract
An Indian Rupee exchange rate depreciated as it is the obvious situation of crisis. To reach beyond Rs.63 per dollar is so shocking for an Indian economy that it is the alarming time to review on the long list of economic reforms. India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make the best use of its limited reserves to maintain the confidence of foreign investors.