Why the Indian rupee is sliding??Add Answer
Single most reason of rupee weakness is increasing current account deficit (imports are higher compared to exports). CAD increased to $13.5 billion(2% of GDP) in Dec-17 quarter from $8 billion(1.4%) in Dec-16 quarter.
Indian Rupee is among the worst performing currencies in Asia in 2018. Yes, even worse than that of Pakistan’s. On June 28, it plunged to its all-time low, breaching the mark of 69 against US Dollar.