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Is the current rupee devaluation similar to the devaluation in 2008?

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Answer:

Well, not really. Last time around, the devaluation was driven mainly by rise in Oil Prices. The price of oil reached USD 147 per barrel and was one of the key contributing factors. However, Risk Aversion was also a part which affected the value of the Indian Rupee.
Though the effect is the same, the combination of causes is different. Risk Aversion is the common culprit if you want to identify the common cause…

First answer by Anandvijayakumar. Last edit by Anandvijayakumar. Contributor trust: 782 [recommend contributor ]. Question popularity: 1 [recommend question].

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