Mr. Raj Nair, Chairman, speaking on Rupee Depreciation (Hosted by NDTV)

Mr. Raj Nair, Chairman, Avalon Consulting was invited by NDTV24x7 for expert opinion on the falling rupee. Raj explained that the rupee depreciation is attributed to external as well as internal factors. Large withdrawals from foreign investors coupled with falling foreign reserves have resulted in an increase in demand for dollars, thus rupee value has declined.