We all are talking about
depreciation of Rupee, stating that it’s falling like the character of
the present Cabinet. We all know many Cabinet ministers in the present
government have resigned or sacked because of depreciation in their honesty. I
checked the contribution of our great economist PM in falling of Rupee
Rupee will come back at 54
per dollar before a month of election, as you have seen RBI not getting in
action to control, the reason is black money will come for election purpose,
will increase demand of Rupee in comparison to Dollar.
Year
|
Rs / Dollar
|
Government
|
Details
|
1990
|
17.50
|
||
1991
|
22.72
|
Manmohan Singh as Finance
Minister in Congress Government
|
Even after so called liberalization and boasting of Manmohan Singh
economic policy, the depreciation was 56.33% (22.72 - 35.52 = 12.80 ) or in
other words depreciation of Rs. 2.56
per year
|
1992
|
28.14
|
||
1993
|
31.36
|
||
1994
|
31.39
|
||
1995
|
32.53
|
||
1996
|
35.52
|
||
1997
|
36.36
|
||
1998
|
41.33
|
BJP Government in Centre
|
The USD/ INR was 41.33,
even after Nuclear Test and US Economic Sanction the depreciation was only
9.55% in 6 years ( From 41.33 - 45.28 = 3.95 ) Or in other words depreciation
of 0.65 paisa per year
|
1999
|
43.12
|
||
2000
|
45.00
|
||
2001
|
47.13
|
||
2002
|
48.62
|
||
2003
|
46.50
|
||
2004
|
45.28
|
||
2005
|
44.01
|
Manmohan Singh as Prime
Minister in Congress Government
|
The USD/ INR was 45.28, and Congress Economist PM by his policy
has made it 59.68 ( 20th June, 2013 ) a depreciation of 31.80 % ( 45.28 -
59.68 = 14.40 ) in 9 years Or in other
words depreciation of Rs.1.60 per
year. The Congress government has still One year in their hand, only God
knows or the present Economist PM how much they will depreciate the INR. As
per past experience ( 1991 - 1996 ) Rs. should be 96.29 per USD, then only PM
will touch his performance, which he did as Finance Minister
|
2006
|
45.17
|
||
2007
|
41.30
|
||
2008
|
43.41
|
||
2009
|
48.32
|
||
2010
|
45.75
|
||
2011
|
46.61
|
||
2012
|
53.34
|
||
2013
|
59.68
|
||
Average annual currency
exchange rate for the Indian Rupee (Rupees per U.S. Dollar) is shown in
the table above
|
|||
