Indian rupee is weakening against Dollor, hitting a record low of 90 rupee for 1 dollor.
But Indian economy is growing......!!!
Key factors contributing to rupee decline ------
1. Global dollor strength
Higher interest rates in US attracting capital away from emerging market like India. It strengthens dollor.
2. Trade deficit
India's import of crude oil and electronics is widening the trade deficit putting pressure on rupee.
3. Capital outflow
Foreign investors are withdrawing funds from Indian markets.
4. High import costs
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