DR.

MUKESH CHAUHAN
Ph. D, AICWAI, M.COM. (Accounting) & (Bus. Admn.)
Lecturer in P.G Department of Commerce
Govt. College, Sector-46 (Affiliated to Panjab University) Chandigarh-160047
AND
MRS. SHIVANI GUPTA
M. COM. UGC (NET), M.Phil
Lecturer in P.G.Department of Commerce
Govt. College, Sector-46 (Affiliated to Panjab University) Chandigarh-160047

Address for Correspondence: - Dr. Mukesh Chauhan,

H.No. 3420,Sector-32D,Chandigarh-160037
Mobile-09357130698 E.Mail- mukesh_garima@ yahoo.co.in
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Appreciation of Indian Rupee: A Critical Analysis

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Indian Economy is a “Trillion dollar economy” surpassing Russia and India is the
world’s 12th largest economy. The forex reserves of country are around $ 200 billion.
Whenever currency of a country moves up, it’s usually implicit that the economy of
country is doing well. The rupee against dollar has appreciated from Rs 46 in July 06
levels to 40.50 levels in May 07, an increase of more than 10 % in 2006. In January-May
2007, the rupee's value in terms of pounds, euros and yen rose by 8%, 6.9% and 11.2%,
respectively. During 2005-06, 86% of Indian exports and 89% of imports were invoiced
in US dollars, according to the Reserve Bank of India.

The present research is an effort to know what is the impact and reasons for Rupee
Votality and how it can be stablised.
[Dr. Mukesh Chauhan & Mrs. Shivani Gupta]