The Rupee’s Big Fall and the Fallout | Nothing But The Truth Ep 13

In finance, India will remember the day when the Indian Rupee, for the first time ever breached the exchange rate of Rs 80 to a dollar on July 19, 2022.

To put it simply, if, in January, you wanted to buy a US dollar to travel abroad or make purchases, you would have to pay Rs 75. But today if you went to a foreign exchange service and wanted to do so, it would cost you approximately Rs 80 or even more if a small commission is charged.

So why is Rs 80 to a dollar a significant benchmark that reflects the nation’s economic health? Because financial experts, including the Reserve Bank of India, believe that it is the tipping point where the Indian rupee could go into a free fall, disrupting government finances, business plans and causing misery to the common man.

In this episode of Nothing But The Truth, India Today Group Editorial Director (Publishing) Raj Chengappa examines the factors and reasons why the rupee's value has gone down significantly.

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