Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.

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    <h1 class="cat-box-title">As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan</h1>
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		 Published on</span><span class="text-date"> Jul 24, 2022</span>
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.</em></p><p style="text-align:justify">The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India&rsquo;s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation.</p><p style="text-align:justify">Looking closely at the numbers it does seem to be the case but India&rsquo;s macro-economic woes are being accentuated by external factors. For example, a tightening of the US Federal Reserve&rsquo;s short-term interest rates &ndash; due to high inflationary expectations &ndash; has occurred at a time when the dollar is strengthening in its relative value, influencing weaker currencies, like the Indian rupee.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos" title="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.</em></p><p style="text-align:justify">The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India&rsquo;s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation.</p><p style="text-align:justify">Looking closely at the numbers it does seem to be the case but India&rsquo;s macro-economic woes are being accentuated by external factors. For example, a tightening of the US Federal Reserve&rsquo;s short-term interest rates &ndash; due to high inflationary expectations &ndash; has occurred at a time when the dollar is strengthening in its relative value, influencing weaker currencies, like the Indian rupee.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos" title="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos">click here</a> to read more.&nbsp;</p>                                                           
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Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.

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Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.

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    <h1 class="cat-box-title">As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan</h1>
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>Costlier imports and the widening of the current account deficit is likely to eat into India&rsquo;s foreign currency exchange reserves.</em></p><p style="text-align:justify">The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India&rsquo;s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation.</p><p style="text-align:justify">Looking closely at the numbers it does seem to be the case but India&rsquo;s macro-economic woes are being accentuated by external factors. For example, a tightening of the US Federal Reserve&rsquo;s short-term interest rates &ndash; due to high inflationary expectations &ndash; has occurred at a time when the dollar is strengthening in its relative value, influencing weaker currencies, like the Indian rupee.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos" title="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos" class="re" target="_blank">Scroll.in, 24 July, 2022, https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos</a><div class="clear"></div>
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As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan

Published on Jul 24, 2022   Modified on Jul 24, 2022

-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it does seem to be the case but India’s macro-economic woes are being accentuated by external factors. For example, a tightening of the US Federal Reserve’s short-term interest rates – due to high inflationary expectations – has occurred at a time when the dollar is strengthening in its relative value, influencing weaker currencies, like the Indian rupee. Please click here to read more.

Scroll.in, 24 July, 2022, https://scroll.in/article/1028767/as-the-rupee-sinks-to-80-to-the-dollar-what-does-this-mean-for-indias-economy?fbclid=IwAR13NpoauDAABvIsaMtCJUbpXsm8z3hd5XIR7lZDZxAY8SRJxTp8X41dZos

Tagged with: Exports Imports Trade Deficit devaluation depreciation Trade Balance Inflation

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