Current State of Indian Economy

Indian currency touches its record low and reason behind this fall is ,both the global and Indian issues.When we talk about the Global issues then the euro zone crisis is the most important and when we talk about the Indian issue , the increasing Current Account Deficit of the country  is  important.

Now the Reserve Bank of India and the Government of India are taking steps to control the fall.Both RBI and GoI want to attract the investment from foreign countries so that their dollar reserve can increase.As the demand of dollar is very high by the importers.

From these steps ,a hope is seen to control the fall.

On other hand the rate cut from the Reserve Bank of India was expected from the investors,but it didn't happened and this news hits the sentiment of investors. Its direct effect was seen on the same day on stock exchange when indices goes down very quickly.This step of RBI create hurdles for the banks because now they will face difficulty in the rate cut in different types of  loans.

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