I doubt this. If Forex comes in India, Rupee should appreciate. No matter whether it comes through legitimate banking routes or illegal laundering, if $ is brou

I doubt this. If Forex comes in India, Rupee should appreciate. No matter whether it comes through legitimate banking routes or illegal laundering, if $ is brought in Rupee should appreciate and vice versa. Also I doubt the money being brought in by the political parties would be enough to move the currency at the scale it is moving. The charts are misleading. INR has steadily lost value against Dollar over last 3 decades, more so after 1991. Only during the 2002-2007 period it gained, because a lot of $$ were coming in. Now that foreign investors are taking their money out, Rupee is being hammered.