Rupee Depreciation – Cause and Effects

What is Happening ?

• Indian Equity Markets are crashing as FIIs are pulling out money from emerging market economies
• China is devaluing its currency
• Global Commodity Markets are slumping
• Oil Markets are crashing because of over supply due to Iran and weak demand due to slow economic progress as both the World (especially China, a big engine of world growth, is slowing down )
• Rupee is depreciating