CONSEQUENCES OF RUPEE DEGRADATION
1. INVESTMENTS: Profits of companies with high foreign currency debt and imported inputs may fall, resulting loss to all stakeholders.
2. IMPORTED ITEMS: Fuel and other key imports become costlier and it will lead to high prices i.e. inflation.
3. FOREIGN TRAVEL: Travelling abroad may become expensive and it is bad news for tour operators or travel agencies.
4. EDUCATION ABROAD: Students will have to spend more on tuition and stay. This will increase loan burden.
These are the few consequences of rupee degradation according to common people.
Views and comments regarding more consequences are welcome.
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