In last few weeks rupee has touched new lows against dollar. This has worried our political class, the stock markets and RBI. Unfortunately all the effort to control its fall is in vein. Looking at this trend I researched a bit on the how the relation of rupee has been with US dollars since our independence.
Source: http://fx.sauder.ubc.ca/
As shown in the above graph, there have been 3 time periods when rupee weakened significantly
What are your thoughts on the same?
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