The rupee is in a free fall. And the commentary is mixed. Some call it natural adjustment, some are worried. Share market tanked.
So can we discuss the impacts of falling rupee ??
- One which is obvious is that it makes exports more competitive and imports costly.
- Other is that it makes investors lose faith in economy. The 450 point slide in BSE !!
For me, as a layman, it makes no difference. My Amul Mango Lassi still costs 20 bucks a pop at ORN Mother Dairy.
So, what are the other pros and cons of it ??
Economy enthusiasts please contribute...
Hibernating for one month... Sweet autumn... Guardians of the Galaxy will be back...