Relation Between 'Globalisation' & 'Value Of Rupee' : Interesting!
One, most obvious indicator, I recently discovered is the effect of 'globalisation' and opening of economy on the value of Indian currency. Check the graph which I obtained from Wikipedia (<a href="https://en.wikipedia.org/wiki/History_of_the_rupee" target="_blank" rel="noopener noreferrer">History Of The Rupee</a>) -

Look at the jump (devaluation) in the price of Rupee against USD in 90-92; as Manmohan Singh opened the economy to the world.
Interestingly, the value of INR was Rs. 5.00 against $1 in 1952 and was Rs. 12.369 in 1985.
The graph until 2012 tells the story of how India's currency devalued against the dollar. Which economic theory says that this is indeed 'great' for India? Anyone?