• EKTA MEHTA
• RAKSHANDA DHANDA

This paper studies the real causes of the depreciation of the Rupee in the Indian Economy in the long run. Indian rupee stood at 71.18 against USD as on Feb. 2019. The researchers in this field interpret the situation in different manners. Some of them are of the view that it will increase exports on one hand and on the other hand, it leads to higher cost of imported goods. There are leaders who proclaim that it is a golden run, whereas others say it will slow down the overall economic growth. The trends in exchange rate of Indian currency are not satisfactory. The post- liberalization period reveals that the exchange rate is highly depreciating. Before liberalization, Indian govt. took some hard steps to cope with the situation of rupee depreciation. For an instance, RBI, on the behalf of govt., devalued the currency majorly two times in 1966 & 1991. But, after 1993, Managed Exchanged Rate System has been adopted. Our paper presents a brief view about the causes and consequences of rupee depreciation and initiatives taken by Indian govt. and central bank to tackle this situation.

Rupee Depreciation; Current Account Deficit; Inflation; Forex Reserve; Exchange Rate System

"RUPEE DEPRECIATION- CAUSES AND CONSEQUENCES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.388-394, April-2019, Available :http://www.jetir.org/papers/JETIR1904958.pdf

"RUPEE DEPRECIATION- CAUSES AND CONSEQUENCES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp388-394, April-2019, Available at : http://www.jetir.org/papers/JETIR1904958.pdf