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UPSC Key: Rupee Depreciation, Special Intensive Revision and Sir David Attenborough

The Indian Express·Priya Kumari Shukla·19 days ago
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Preliminary Examination:  Current events of national and international importance. Mains Examination:  General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. What’s the ongoing story : On the day the rupee hit an all-time low of 95.75 per dollar before closing at 95.63, Chief Economic Advisor (CEA) V Anantha Nageswaran, while warning that ongoing structural shifts in the global economic order were not going to reverse, said Tuesday that stopping the rupee from falling further was one of the “central macroeconomic imperatives” of the current fiscal. Key Points to Ponder: • What you understand by “Rupee Depreciation” or “Rupee hit an all-time low”? • What are causes for depreciation of the Rupee? • Why Rupee is compared with the US Dollar? (for example, the rupee hit an all-time low of 95.75 per dollar?) • ‘The Demand and supply of Rupee vis a vis Dollar’-how this leads to depreciation of rupee?…

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