Wrong to say that fall in rupee value will lead to inflation: NITI Aayog VC
Updated:7 years, 2 months ago
New Delhi, Aug 21 (ANI): NITI Aayog Vice Chairman Rajiv Kumar on Tuesday disaffirmed that fall in rupee value symbolises depreciating reputation in market. He also denied that fall in rupee value will lead to inflation. He said “It is wrong to say that fall in rupee value symbolizes depreciating reputation in market. Value of a country falls or rises depending on the success rate of the country, number of poor people and the growth of employment in the country.” He added, “Value of rupee is like temperature in thermometer that falls and rises based on certain parameters. It’s wrong to say that fall in rupee value will lead to inflation. Value of rupee is just a price depending on supply and demand.”
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