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The Recent Depreciation of the INR against the USD: An Analysis of Currency Fluctuations

Author Affiliations

  • 1 BITS Pilani KK Birla Goa Campus

Int. Res. J. Social Sci., Volume 3, Issue (7), Pages 54-56, July,14 (2014)


The exchange rate of the USD against the INR had been roughly steady at around 45.00 for a long period, until the subprime crisis of 2008. But post the crisis, some effects of the crisis, as well as some effects of the responses by regulatory authorities all over the world to the crisis led to a fluctuation in the currency exchange rates, causing it to go to almost as high as 70 over the past year. This has had serious ramifications for the Indian economy, as the US Dollar is one of the most widely used global currencies. This article tries to delve deep into the global economic environment after the crisis and analyze the various factors responsible for this significant fluctuation and depreciation in the value of the Indian Rupee against the US Dollar


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