Weakening Rupee in the Current Markets

INR has been dipping few points in the recent trading sessions as a consequence of the fall in Indian Stock Markets in last few weeks. There's an immense selling pressure on rupee in light of the fact that the FII's (Foreign Institutional Investors) are pulling out their investments from the market. 

Lets just see where this all started..... Whats the reason for the fall in Indian Markets ???? ...

The entire country was delighted when Mr. Manmohan Singh in 1991 (then Financial Minister) has announced the Globalization & Liberalization policy. But one should accept that it has now become the main reason for the downfall of Indian Markets. The underlying truth of the fall in our economy recently is interdependence on global economy. Our economy is so tightly coupled with the global indices that there can be no resistance to any disturbances (Economical, Financial, Communal etc) any where in the world. 

Does this mean Globalization & Liberalization policy was a curse ??? ..... not at all.

India's GDP growth averaged about 4% for nearly 40 years since independence but it nearly doubled in the last 20 years courtesy the globalization policy. However the adverse effects would have been lower if Indian Economy would have strive for self sustenance to a greater level than interdependence.

The weakening rupee is however a short term phenomenon being witnessed due to selling pressure for the FII's quitting the market. Once the dust settles, world shall witness a pullback in INR and other Asian country currencies while the dollar & European currencies need a miracle to bring them out of this deepening crisis.

FBI -- For Better India