Why Rupee [INR] depreciates against dollar [topics: business, currency depreciation, economy, PPP and CCP]

Why is PPP impossible to achieve, atleast comprehensively? Because of every reason: commodities and their manufacture properties, the market-nature of a commodity, international trade and social politics and what not. Economic organizations and Banks and trade orgs and companies can merely learn this gradually and implement them with caution and wit but not devise a comprehensive PPP absolute value even as a functional dependence. They can only do so based on a particular commodity. When all commodity properties are known only their values can have a determinable PPP value.

The fallacy of an international economic principle !

Has there ever been a scientific depression in the United States? I would guess NO. The Americans are individually less hard working, collectively they are vigilant. They believe in one economic practice: “It does not matter what you do inside the country, it can be messy, you can occupy the international market by creating a good international image.”

eg You do not provide good service that you promised, inside the boundary, you apply the same international policies inside the country. This is a fallacy, a sort of myopic economic interest principle the result of which is economic recession. It had to take-over sometime but it does with very early warnings which were neglected.