(Image source from: Crashing rupee hits common men})

As the value of rupee continues to nose-dive, worries over costs, pay and jobs hit an all time high. The plummeting value of rupee each day is slowly sending the Indian economy in a tizzy. Despite this, neither the ministry of finance nor the Reserve Bank of India are doing anything to prevent the rupee slide.

Forget the super-rich and the tradesmen, the depreciating currency is a double whammy to nation's common man who have already been reeling under the impact of double-digit consumer-level inflation for the last three years. Low rupee value means costlier crude oil, edible oil, fertilizer, medicine, iron ore,coal, pulses, all of which India imports in substantial amounts.

A weak rupee means higher import rates, lower production, salary cuts and even possible retrenchment.
With rupee value frailing every day, is government of India ready to face the fate that lies ahead?

AW: Suchorita Dutta