1. ARRESTING THE SLIDE
OF THE RUPEE
Smriti Sharma

2. RUPEE WOES
 The downward journey started in late 2011
 Touched record lows of 68.85/$ in August 2013
 Reasons for the downfall of rupee
oHigh current account deficit (Gold and oil)
oLow forex reserves
oPoor investor confidence
oFear of Fed (Reducing bond purchases)

3. HERE COMES THE HOT-STEPPER
 New RBI governor takes charge
 Markets respond positively to former IMF Chief Economist
 Announces host of measures to support the rupee
WHAT IS GOING ON

4. ANNOUNCEMENTS
 Increase rate of interest on Foreign Currency Non-resident
(FCNR) deposits
 Doubled the re-booking amount for exporters and increased the
re-booking amount for importers
 Removed capital controls
 Non-resident investors could buy listed shares

5. ALL’S WELL THAT ENDS WELL
Are you sure it has
ended…?