Rupee Depreciation: Common People Face Shock as Prices of Essentials Soar
Business
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News18•21-01-2026, 10:35
Rupee Depreciation: Common People Face Shock as Prices of Essentials Soar
- •The Indian rupee depreciated significantly against the US dollar, falling to 91.2 on January 21st.
- •Prices of imported goods like petrol, diesel, smartphones, laptops, TVs, and cooking oil are expected to rise.
- •Gold prices in India will increase due to rupee depreciation, even if international gold prices remain stable.
- •Expenses for foreign education and international travel will become more burdensome for individuals.
- •Exporters (IT, pharmaceuticals, textiles, handicrafts) and NRIs sending money home will benefit from the weaker rupee.
Why It Matters: Rupee depreciation will significantly increase prices for common people, while benefiting exporters and NRIs.
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