Why is it that INR falls only before general elections ? Huge - TopicsExpress

Why is it that INR falls only before general elections ? Huge profitability gained by bringing back black money stashed abroad in order to cover Election expenses. Weak rupee, black money & election : Election result in weak rupee due to inflow of foreign currency as black money to fund campaigns, seems there is only one exception in last 9 elections - in 2004 Rupee was down by more than 20% against dollar in the months before election. In 1984 it was down by 21% 1989 it was down by 24% 1991 it was down by 22% 1996 it was down by 19% 1998 it was down by 13% 1999 it was down by 14% 2004 it was up by 11% 2009 it was down by 25% 2014 (till now) it is down by 20% Strange but it is fact. Ruling party in 2004 was BJP.

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