From 2000 to 2007, the dollar remarkably remained stable at Rs.60. After the change in Musharraf Govt, it moved to 80 by 2009 (an increase of 33%). Then it remained near that level till the 2013 election when it jumped to 100 (an increase of 25%). Then till 2017 it remained near 100 however by July 2018 (election date) it moved to 125 and then since last two years, it has averaged around 160 level. So expect another jump by 2023 near election time and then another afterward.
The actual logic behind this is simple, our debt is growing fast along with the current account deficit that is further reducing reserves. As long as our economy doesn’t perform better than the US or western countries, Rupee can’t stand at the same level.
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