Just wanted to check as to why the Indian currency is falling?

Dear Friends,     

Just wanted to check as to why the Indian currency is falling? 

They say that foreign investors are taking their funds out- fine. But where are they putting these funds? Surely not in Europe or in the US? Then where? I mean I agree that we are now nowhere near the 8-8.5%  growth rate but surely even a 6-6.5% growth rate is not bad under the circumstances. The situation is far worse in Europe & in the US.

Then there are others who say that all this is being done with a view to destabilise the Congress Government at the Centre. Where is the question of destabilising it? It is already in a state of utter flux, chaos & confusion.

Yesterday it was pathetic in Arnab’s News Hour. Minister Ashwini Kumar went out of his way to tell the world that the BJP was responsible for (a) its ills & (b) the ills of the Country! Nothing can be more far-fetched than this. Ravi Shanker Prasad gave befitting answers to, quite literally, Ashwini Kumar’s repeated requests, nay “daleels”...

Swaminathan warned that the situation could take a turn for the worse with Europe expected to go into recession in the next 6-9 months. This, if it happens, would be a disaster. What do you say, Investment Bankers? Which way is the Country headed?

Regards,

Parikshit