2014•International Journal of Engineering and Management ResearchOpen access

Indian Rupee Devaluation

Taruna Tomar

Abstract

India being a fast developing economy of the world is witnessing a continuous fall of its currency Rupee against US Dollar in recent times. The devaluation of the Rupee is the latest point of debate in many news broadcasts on television today. No common man would have ever expected that rupee could fall to such a low level against Dollar that what it has nowadays. In the year 1947, when India got Independence 1 Rupee was equal to 1 Dollar. But in August, 2013 it reached to the lowest of all time to Rs.69 per Dollar.

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Key concepts: Rupee, Devaluation, Liberian dollar, Us dollar, Currency, Independence (probability theory), Economics, Monetary economics