Economic (Opinion): falling of ecomnomic indicators

A fall of 22 per cent in four months — from Rs. 43.95 in end-July to Rs.53.72 on December 14 — is something that should set alarm bells ringing. In the last month alone, the rupee depreciated by 8 per cent relative to the dollar. A combination of domestic and global factors appears to be behind this slide.
The forex market has its own explanation for the fall.
Importers, having been lulled into complacency by the rupee's appreciation earlier, are rushing to cover their exposures, thus driving up dollar demand.
Exporters are said to be holding on to their earnings in the hope of a further fall in the rupee.
The central bank also has to keep in mind the widening current account deficit, while formulating the strategy for market intervention.
While exporting industries such as information technology, gems and jewellery, and textiles will be happy, consumers are likely to feel the pinch.
A rise in petrol prices could well be on the cards as a New Year gift to consumers.