TruthWillOut
Senator (1k+ posts)
Yes , the slump started in december 2017 when the dollar was 104 dollars and by the time the govts term ended the dollar was 115 rupees. Rupee had lost 10 percent of its value in 6 months(1.66% loss per month).
In the next two and a half months dollar gained more and on the day the current govt took over the dollar was 122 rupees (6% loss).
From 17 august 2018 to 6 jan 2022 , dollar jumped from 122 to 178 ( 45.9%) and equates to 1.15% loss in rupee value per month.
This is the same slump which started in december 2017 and is continuing.
In the next two and a half months dollar gained more and on the day the current govt took over the dollar was 122 rupees (6% loss).
From 17 august 2018 to 6 jan 2022 , dollar jumped from 122 to 178 ( 45.9%) and equates to 1.15% loss in rupee value per month.
This is the same slump which started in december 2017 and is continuing.
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