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What Are the Reasons for the Devaluation of the Indian Rupee From Re.5 Per $1 After Independence to Rs 60 Per $1 Today?

Accounting Corporate Finance Financial Reporting Financial Analysis Finance
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Question added by Nitin Gupta, ACA , FP&A , Rockwell Automation
Date Posted: 2013/12/04
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mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

(1)Flight of capital after independance.

(2)Indo -China war and Indo-Pak war and the consequent defence expenditure and spending of foreign exchange.

(3)Spending for internal security to counter terrorism.

(4)National calamities and reconstruction expenditure.

(5)Population explosion and the consequent expenditure.

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