Rupee hits 15-month low; crosses 67/$

[PurpleStone]

Depreciation of INR is a worry and most of the people here are not understanding it... although the USD is out-smarting almost all currencies but it is really crushing the Asian currencies...

Agree.

The situation of Indian economy is not that good which can take such steep depreciation...

Agree

We Indians should thanks Modi who kept the oil prices HIGH when the market was in his favour...

Agree. This was an excellent decision made by Modi government in spite of bad press.

And to all those who think that we are in trouble... have some belief on Indian establishment... they are far more capable then us...

Capability do not always translate to integrity. Blind faith is not good.

Economy is not that simple... if it was, most of the people here on PDF would be working for some big names...

Agree. I was trying to simplify for the simpletons who think that it is good for the exports.

There is a rumour in Indian forex circles that Indian rupees is not depreciating because of week economy... but it is an artificial depreciation created by foreign players to get more value for every dollar they are investing in India...

May be.