Due to the expansion in uber-luxury residential options and the depreciating Indian rupee value, NRIs are also foraying into luxury real estate investments with NCR as one of their top choices.

Source: https://www.financialexpress.com/money/why-is-luxury-realty-unlikely-to-witness-a-fall-in-demand/3101034/

Gold tends to rise in periods when the US currency is depreciating, and downside risks to the greenback have risen alongside money market pricing of Federal Reserve rate cuts.”

Source: https://www.fxstreet.com/news/gold-price-forecast-xau-usds-rally-has-further-to-run-in-the-quarters-ahead-ubs-202304121456

Higher interest rates have slowed the world economy, and triggered capital outflows from developing countries, depreciating their currencies, besides lowering export earnings.

Source: https://www.ipsnews.net/2023/01/year-debt-distress-damaging-development-trade-off/?utm_source=rss&utm_medium=rss&utm_campaign=year-debt-distress-damaging-development-trade-off

Kganyago also referred to the Rand that weakened over the past year, depreciating by about 9.5% against the US dollar.

Source: https://www.citizen.co.za/business/personal-finance/repo-rate-stays-unchanged-at-8-25/

“The inflation and the cost of living, depreciating Naira makes imported goods more expensive, leading to higher inflation rates and it is worrisome.

Source: https://theeagleonline.com.ng/house-of-representatives-urges-cbn-to-implement-monetary-policy-adjustments/

This has been evident as the Zambian kwacha has been depreciating against major currencies.

Source: https://www.lusakatimes.com/2023/02/23/jctr-urges-the-government-to-step-up-bilateral-engagement-with-china-over-debt/