Depreciation Of Rupee What It Means For Investors

As the nation votes to elect the next parliament, the Indian Rupee which is already down about 1% this year, is forecasted to drop nearly 2% by May-end, signifying that the upcoming elections are a clear risk to the economy. With the amount of money spent on holding a general election, the downfall of rupee comes as another significant hit to the Indian economy.

The Indian currency’s feeble start to 2019 provides a hint of how it will perform in the upcoming year, a Reuters poll confirmed, citing precariousness regarding general elections and a potential trade war with the U.S. Last year in October, the currency dropped around 10% and hit an all-time low of 70.40 against a dollar, validating its worst performance since 2013. The performance is driven by a sell-off in emerging markets and a widening fiscal deficit as oil prices rose.

( DOWNLOAD TO KNOW MORE )

Visit our Whitepapers

Our whitepaper informs readers concisely about topics on leadership and management. These whitepapers tamper the depths of the topic and present the reader with a fresher outlook. Our whitepapers cater to the reading preference of industry experts.

VIEW OUR WHITE PAPERS >

Investor Testimonials

investor4

Where else will I get 20% annualized return in 45 days?

Hrishiraj Ramachandran
Founder & CEO at Keystride

investor3

I have invested in KredX because it's hassle-free, transparent and highly rewarding.

Preeti Vajpai
Sector Compliance Leader, IBM

investor2

Given the current market condition, its a great addition to my portfolio.

Prasanna Kabra
Head of Reporting & Analysis at Credit Suisse

investor1

I found KredX to have the maximum returns, minimum risk and the lowest maturity period in the market today.

Bala Parthasarathy
Senior Entrepreneur and Angel investor