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.