Posts Tagged ‘rupee downfall’

Increase in Dollar value – Big reason of worry for common man

Increase in Dollar value – Big reason of worry for common man

In early 1990 dollar value against rupee was 25 Rs/- and today it is 60 Rs/-. In other words value of rupee has fallen by 240% since 1990. Fall in value of rupee is big reason of worry today for Indian government as this falling value affect adversely to common man. Fall in value of rupee means increase in inflation. Falling money adversely effects finance ministry, petroleum ministry & companies who deals in dollar with foreign nations. Imported goods will […]