How a common man is going to be affected by falling rupee value against dollar?
Its been while something like 2-3 weeks ,the value of rupee against dollar are decreasing since then.A common man might thought how he would be get affected by rise in value of dollar.But this will cut down the pocket of a common man a little more.So, let's discuss how the decrease in value of rupee effect common man pocket..
On a broad bases the growth rate of the country will slow down.A common man would ask how he could affected by the slow rate of country's economy.But the thing is ,India import crude oil , food items , gadgets , machine etc.We have to buy crude oil and other things at a higher price.As a result of that rise in the price of oil will affect common man directly.
Moreover it will increase the public transport fare and similarly food items needs to be transported by vehicles , it will increase the price value of the daily household items.The value of rupee has deteriorated to the lowest value 71.43 ever recorded.
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