Rupee: The Weak Currency

Rupee Weak Currency – Apr-Jul Fiscal Deficit Rs.5,40,257 Cr

August31, 2018 (C) Ravinder Singh ravindersinvent@gmail.com

While Dr. SP Sharma gave three reasons for SINKING Rupee at an event ‘Rupee Volatility’– a. Rising Crude Prices, b. US led Trade Conflicts leading to Trade Deficit and c. Reducing Competitiveness of Industry. I may add more causes,

d.]  Gadkari, Goyal & Prabhu INVESTING $Trillion in UNVIABLE-UNDESIRABLE Projects,

e.]  MoF in Conflict with Industry & Businesses, Demonetisation, ED Raids,

f.]  MEGA Trade Wars Within India – AMBANI vs Ambani, Mittal, Birla, Vodafone, ADANI vs other Power, Ports & Agro Projects.

g.]  Weak IPR & Business Protection and many more like Weak Banks,

We are assured by Foreign Currency Experts that India had recovered earlier Fall Partly on many occasions and Rupee could fall to Rs.75-Rs.77 range

India is WORST MANAGED – Rupee Fall is due to External & Internal Factors.

“A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation”If something is not done fast, the Indian economy is headed towards a fatal crash under the command of Captain Modi.

https://www.xe.com/currencytables/?from=USD

YTD Currency Movement Against US Dollar

Currency

Currency name

31-12-2017

30-08-2018

USD

US Dollar

1.0000000000

1.0000000000

EUR

Euro

0.8334295328

0.8585558550

GBP

British Pound

0.7405810259

0.7694390268

INR

Indian Rupee

63.84990663

71.03377699

AUD

Australian Dollar

1.2797311868

1.3767263801

CAD

Canadian Dollar

1.2573188571

1.2989911644

SGD

Singapore Dollar

1.3373272833

1.3683355825

CHF

Swiss Franc

0.9747277524

0.9709372679

MYR

Malaysian Ringgit

4.0465041227

4.1156478523

JPY

Japanese Yen

112.66365783

111.16572538

CNY

Chinese Y. Renminbi

6.5059537088

6.8438541238

NZD

New Zealand Dollar

1.4092839854

1.5058259478

THB

Thai Baht

32.658672541

32.776496906

HUF

Hungarian Forint

260.23159039

280.75563726

AED

Emirati Dirham

3.6725000000

3.6725000000

HKD

Hong Kong Dollar

7.8118019017

7.8490280533

MXN

Mexican Peso

19.7371066490

19.1508099857

ZAR

South African Rand

12.3936326141

14.7670561825

PHP

Philippine Piso

50.0446328375

53.6679452356

SEK

Swedish Krona

8.1835567100

9.1390605497

BRL

Brazilian Real

3.3124075857

4.2006072968

RUB

Russian Ruble

57.7379433856

68.3230142827

TRY

Turkish Lira

3.7954376942

6.7497233911

KRW

South Korean Won

1066.40274964

1113.39918983

PKR

Pakistani Rupee

110.674614209

123.025217149

BDT

Bangladeshi Taka

82.7958182129

83.8830787545

LKR

Sri Lankan Rupee

153.499928977

161.459814352

NPR

Nepalese Rupee

102.638724911

114.186796516

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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