Rupee fall - Each one of us will feel the heat
Posted on: 21/Aug/2013 11:06:00 AM
Indian rupee has been tumbling for a while and it has been dropped to all time low in the recent few days. This would indirectly or directly affect each one of us in many ways. First of all, India is basically an importing nation. So, obviously now we have to pay more for the import products; on the other hand exporters will be delighted as they need to pay pretty less than before due to the slashed rupees.
Getting fuel paying high rates will have great impact on us. High fuel charge will result in high transportation charges, this in turn will affect the travel cost and also there will be a rise in the products that are transported. People who want to pursue education abroad should shell out more money now. Also, electronic items price will be increased.
Government has to act immediately and should introduce new policies to stabilize the current financial condition.
