Tuesday, August 27

Rupee at all time low, How it affect a common man

Here's how a weak rupee will affect "Aam Adami"

1. Increase in Petrol and Diesel Price:

Indian is largest importer of crude oil. With Rupee trading at all time low due to bad economy (Read: Reason for Rupee Depreciation against dollar) Oil companies have to pay more fr getting crude oil and as Petrol and Diesel are de-regulated by India government, Oil Companies will pass on the increase in prices to common man. So get ready for Hike in your Petrol/Diesel monthly bill.

2. Increase in Gold prices:

Again We all Indians love Gold, off late due to fall in gold prices has seen a buying frezy in Gold. As gold and Silver are priced in USD so again Gold will become costly for us. (Read:RBI ask Banks not to Sell Gold Coins)

3.  Increase Cost for abroad


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