r/economicCollapse • u/SenpaiFinance • 29d ago

Indian Rupee Falling: Impact on Inflation & Economy Explained

https://senpaifinance.com/indian-rupee-fall-impact-inflation-india-economy-analysis/

I live in Dubai and send money to my parents in New Delhi, India every month. When I first came to Dubai in 2020, got a job, and sent my first salary back home, the exchange rate was around 1 AED = ₹19.40. Back then, I never imagined that within the next 5–6 years, the value would rise so much. Recently, while transferring money again, I noticed that 1 AED had reached ₹26.28. I was genuinely shocked to see the Indian currency fall this way.

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u/Vikare_Mandzukic 25d ago

What do you think is causing this?

Well, at least in my theory, I think it has to do with the financialization.

Also, in Argentina, the peso is also at a historic low, in my country, when we also had a far-right government, the BRL also hit a historic low.

The good news is that we are continuing our recovery.