Page 533 - SSB Interview: The Complete Guide, Second Edition

after filing the case.

Future of the Judicial System

Currently, India ranks at 62 among 113 countries for the justice system in a
survey conducted by the World Justice Project (WJP) Rule of Law Index

2017-18. This was a leap from the previous position of 66 among 113
countries. India is slowly improving its judicial system. If the remedial
measures are taken properly, justice will be provided at the right time and

India can reduce the number of crimes as people will fear and respect the
judicial system of India.

12. FALLING VALUE OF INDIAN RUPEE IN

CONTEXT OF US DOLLAR

India experienced an all-time low of 3% in the value of the rupee. Presently,

the value of
1 Indian rupee against 1 US dollar is 68.60. This fall in the value of the rupee
is due to many factors like trade deficit, higher crude oil prices, lack of FDI

and higher capital outflows. The Finance Ministry of India, along with the
RBI, is closely monitoring the cash movements and trying to resolve this
issue.

Backdrop

The US dollar is considered as one of the most popular currencies for trade
and transactions throughout the world since 1944. The US dollar is followed
by the euro and the yen. It makes up to 64% of all known Central Bank

Foreign Exchange Reserves. So, most of the countries use the US dollar as
the standard currency for transactions outside their country. India is one such
country. The Indian rupee recorded an all-time low of 7.19 in March 1973

and an all-time high of 68.909 in February 2016 against 1 US dollar.