The Indian Dollar Story

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 and found that Mr. Economist have a good record in past too. Let me assure the  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