Rupee's historic plunge: How is it impacting people | Explained

Rupee's historic plunge: The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen. The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars.

from IndiaTV Business: Google News Feed https://ift.tt/nCQUtNr
via IFTTT