Mentor’s comment-
- https://www.financialexpress.
com/opinion/the-heat-is-on- hard-to-see-when-the-pressure- on-the-rupee-will-ease- despite-rbis-efforts/2585524/ - In the intro, mention the rupee touching the lowest ever value in recent times.
- In the body, mention the factors such as rising inflation in the US, rising oil prices, withdrawal of investment from equity market, decreasing forex etc. In the next part mention challenges such as fear of the US fed increasing rates and oil prices driving factors behind the value of rupee and therefore reducing the effectiveness of the RBI intervention.
- Conclude by mentioning the need it is hard to see when the pressure on the rupee will ease, despite RBI’s best efforts.
JmQPOijgofaERD
Hello
Introduction is fine.
In factors, some important points are missing.. Fall of value of rupee happens when dollar exits the economy.. So flight of investment from India on the account of US Fed increasing rates, decreasing forex reserves, rising inflation in U. S. etc can be mentioned. Fiscal stimulus can’t be said to be the reason behind falling rupee, you can mention rising important bills(link it with oil prices).
In the next part, US Fed keeping on increasing rates can be mentioned along with uncertainty in oil prices because these two things are not in RBI’s hands. These two points are most important.
Conclusion is too long, you have tried to cover too many things – growth, inflation etc. Just talk about falling rupee value and hard to visualize when the pressure on the rupee will ease, despite RBI’s best efforts.
Keep practicing. 🙂
3.5/10