Impact of Rupee - Dollar fluctuation on Indian Economy
Roopika S S
Paper Contents
Abstract
This research paper explores the impact of Rupee-Dollar fluctuations on the Indian economy over the past decade, analyzing key indicators such as GDP, inflation, interest rates, unemployment, and FDI. The findings reveal that while sectors reliant on exports may benefit from a depreciating rupee, the overall economy often suffers, particularly industries dependent on imports. The research underscores the significance of managing interest rates and inflation to stabilize the currency. It also highlights the need for strategic policies to balance the benefits and challenges posed by currency volatility, ensuring sustained economic growth.KEYWORDS: Rupee-Dollar fluctuation, Indian economy, GDP, inflation, interest rates, unemployment, FDI, monetary policy, economic stability, exchange rate
Copyright
Copyright © 2024 Roopika S. This is an open access article distributed under the Creative Commons Attribution License.