India’s investment climate uncertain - rupee worst performer

The rupee is the worst performing currency in Asia this year, flirting with a record low on worries that India is headed for problems as oil prices remain high. To me this is the real report card of Narendra Modi (2014-2018)

The rupee has declined 5.3% against the dollar this year and has underperformed against almost all others. Only those of Argentina, Brazil, Russia and Turkey have done worse. Most currencies have fallen against the dollar since the start of the year over a strong U.S. economy and rising U.S. Treasury yields.

The Indian currency is now trading close to its low of 68.90 rupees to the dollar hit in February 2016, and some economists see it sliding to 70 this year. Late Wednesday in New York, the dollar bought 67.43 rupees. more  

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Purpose is not to raise a finger on UPA - 2 regime or the NDA, can the Govt do something to arrest this continuous decline in the value of INR? more  
Inspite of the growth in the foreign exchange reserve, the money is not getting sufficient strength. If my presumption is correct, then there are a good number of people, who are transfering their black money to foreign countries and needs to be checked. more  
Sri Stephen RN , following will justify the real causes and Status. 1. Currency is the base means of Corruption and increase of Black Money, Concealed Wealth and hence Cashless Transaction is the needed remedy. 2. Had this was done in 91-99, by 2010 i.e., in Ten years there could have been a Seal on Back Money. Moreover, the volume of Black Money and Concealed wealth could have been increased to its multiples by '13. 3. The other means of Black Money i.e., Land which is against Sealing Acts in life, ; Landed Properties resting on individuals in multiples i.e., 3 to even 36 Houses/Flats ; Gold and Jewelry ; Shares and Mutual Funds ; Currency in Lockers and Bank Accounts , COULD HAVE ALSO BEEN UNEARTHED WITHIN THAT ten years of time. 4. Even now, this is the goal of Demonetization of NDA Government and its preponing the date due to inevitable circumstances underwent in Tamilnadu in 2nd fortnight of October, 2016 became the issue of discussion since then. 5. Citizen of all States, High Courts and Supreme Court witnessed the issues visualized and displayed in 24 hours News Channels on the ills carried and backed support held willfully by those anti national and anti social elements. 6. It is needless to reiterate that the wealthy personalities and AOPs never cared after 95 on Productive Investments WHILE THE GOVERNMENTS TOO IGNORED GROSSLY which has resulted not only poor economical status of Indian Nation that naturally place the status of its Currency, Tangible Worth at such alarming levels. When Country's Funds Flow is more dependent on Business Turnovers like [ Sell, Sale and re Sale ] with added dependence on Imports, while the Productivity grossly set in reduction scale in ratio of population increase and demand of products , NATURALLY ITS FISCAL STATUS STANDS AND VARIES SO 7. If these 6 Fundamental reasons are analyzed , the real facts of GDP rating since many decades , INCREASING DEPENDENCY ON FOREIGN LENDING/GRANTS , Unuseful and unproductive concealed wealth stacked in above issues cited , PROVE THE REQUISITE FINANCIAL EMERGENCY AND INEVITABLE corrections through specific policies . more  
Rupees worst performance started during the reign of the UPA Government, particularly, during its second term. A USA$ costing little over Rs.50/- during 2009 went above Rs.67/- during 2014 as per my memory and this was fluctuating thereafter between Rs.64/- to Rs.68/- a dollar, which has now worsened further. However, this can't be an excuse for the present government for its failure to check the downfall of the currency further and bring it back to a respectable level. Hopefully, the government will initiate all possible steps to check its further deterioration & strengthen the currency in the near future. more  
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