Rupee In A Downward Spiral - What Does it Mean For You?
The rupee hit an all-time low, falling 5% in the last 6 months. There are a series of reasons for this - among them, the Ukraine war, inflation, rate hikes, lockdowns in China - which have jolted investors. Foreign funds are also pulling out of India. In fact they have been moving out for the last 7 months, looking for safer assets amid all the uncertainty. What does all this mean for you and me? It means higher costs to import goods like fuel, which India is heavily dependent on.
