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What are the reasons behind depreciation of INR, and how can we stop its depreciation?
I would like to know why the INR is depreciating and what can be done to stop it.
There are various reasons behind the depreciation of INR. One major factor is the increase in imports and decrease in exports. Additionally, inflation, rising oil prices, and fluctuating global market conditions also affect the value of the currency. To address the depreciation of INR, the government could take measures such as promoting exports and limiting imports, controlling inflation, and increasing foreign investments.