Depreciation of Indian Rupee

We invited Mr. Venkat Vallabhaneni to give a guest lecture on depreciation of Indian Rupee and its impact on Indian economy as part of study of Economics. He had shared his much valuable views with us and  gave much clarity to the macro economic concepts in a simple manner.  Mr. Venkat also happens to be a father of one of our very own Oakridgers at Newton Campus.

Mr. Venkat is currently part of senior management for Bank of America’s Global Delivery Centers. He is leading large Technology & Operations teams for two critical lines of Business ( Global markets and Consumer banking).

Many key concepts including history of currencies, inflation, purchasing parity theory and  current account deficit were  covered and related statistics were presented through graphs. Mr. Venkat had explained with the help of a diagram, the total economic worth of our imports and exports and its significance relating to the crisis.   He clearly stated that our country is economically fascinated with gold. He mentioned that gold and oil take up a relatively large portion of the imports category. Otherwise, India is a net exporter (excluding Oil and Gold).  This information was in-fact very useful to us who are studying Economics and write commentaries on real articles.

In conclusion, the session was really interesting and the students were quite inquisitive and involved as they showed enthusiasm and  posed interesting questions. For example, the students had asked about Swap with Japanese Yen, how will the political intervention solve the crisis, and a time frame when the rupee will finally stabilize.

The learning experience through guest lectures helps the students gain an insight in a realistic way so they can connect their studies to the real world in a better way, Mr. Venkat really did live up to these expectations of increasing the awareness of this crisis and certainly succeeded in making this more of a two-way communication session.