The Indian Currency has fallen nearly 12 percent in the calendar Year. The consistent devaluation of Indian currency are making things worse. At a time When Inflation rates are already high. The falling of Currency will add to import inflation.
The economic condition of Country does not look good. Employment is all time low, Vacancies have almost stopped. Currency is at all-time low.
The nation is already having trade deficit, the weakening rupees may add to import bills and overall Price levels in the country.
Government should
take some concrete steps instead of giving excuses like its not Indian Currency
which is devaluating but US Dollar is appreciating.
If you have any doubts, Pls let me know