Home Economy Experts say the rupee is likely to weaken against the US dollar...

Experts say the rupee is likely to weaken against the US dollar this year

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  • The Indian government will have to ensure it strikes a balance between welfare dole out and expenses, and generating adequate avenues for income.
  • The efficiency in managing the rupee’s performance against the US dollar will be an important factor in keeping inflation and expenses under control.
  • Ahead of Budget 2022, Business Insider spoke to experts to understand what the outlook for the rupee is against the US dollar.

Budget 2022 is almost here and managing the fiscal balance is one of the core challenges that the Indian government and its finance minister will have to deal with. And the rupee’s performance against the US dollar is a key cog in this wheel of fiscal balance.

Rupee’s performance against the US dollar over the last five yearsBusiness Insider India

Why is that, you ask? The reason is simple – a bulk of India’s foreign trade and debt is US dollar denominated. This means that India has to pay in dollars whenever it imports goods…

Click here for full article…www.businessinsider.in