The impingement of devaluation of Indian rupee on India's economy Dr. Aruna R*, Gupta Tanmay**, Kumar Vivek** *VIT Business School, Chennai **VIT University, Vellore Online published on 29 November, 2014. Abstract India, one of the most emerging economies of the world, may face its worst financial crisis in decade if it fails to stem a slide in the rupee. The trend has changed drastically from 1947 as the value of rupee got depreciated from Rs. 1/$ to all time low value of Rs. 59.52/$ in July 2014. The major problems ascents when the people of the country are unaware of the reasons behind the devaluating currency. So with this paper an attempt has been made to give a general review behind the cause for downfall of the Indian currency. This study also focused on the history of Indian Rupee starting from 1947, to help one understand the root cause for the devaluation. This study also tried to convey the best possible remedies to curb this devaluation and imparted methodologies that a government should focus on. Top Keywords USD – United States Dollar, INR – Indian Rupee, BoP – Balance of Payment, EXIM – Export Import, CAD – Current Account Deficit, GDP – Gross Domestic Product, FIIs – Foreign Institutional Investors, FY13 – Fiscal Year 2013, RBI – Reserve Bank of India, FDI – Foreign Direct Investment. Top |