Rupee Nose Dives; Economy in Critical Condition The declining value of the rupee is having an apparent effect on the economy. It has lost 20 percent of its value in a six-month period, touching an all-time low of 65.56 rupees against $1. Experts believe 67 rupees against $1 is not far if things do not stabilize. The worst would be 70 rupees against $1. This rupee collapse has dashed all hopes for the Indian Public Sector Undertakings (PSU) to rake in an estimated $6 billion from the stake sales that had been expected to help bring down the current account deficit. The sale has been deferred until the market stabilizes.Inflation is also affected by the devalued rupee and it will be high in spite of the good monsoon. The government of In...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.