Economy
This query is : Resolved
Taranjit Singh
(Expert)
07 December 2009
Reduce India's national dependence on dollar trade so much that nobody wants dollars any more. Its value will fall.
or
Enlarge our (India's) national exports so much (say 5% of global trade) that we have so many dollars that its value will fall.
there are many other ways....
or
Enlarge our (India's) national exports so much (say 5% of global trade) that we have so many dollars that its value will fall.
there are many other ways....
07 December 2009
The reason is very simple Ms. Harika, it is based on the Demand and Supply Concept. Dollar has more demand than Rupees, hence, its value is more compared to Rupees. The following is the reason for the increased value of dollar as compared to rupees:
1) India import's more than what it export's to other country.
2) Due to above, the demand for dollar increases, since the importers are required to make payment in dollars.
3) And since our export is less, there is less inflow of foreign currency in India.
1) India import's more than what it export's to other country.
2) Due to above, the demand for dollar increases, since the importers are required to make payment in dollars.
3) And since our export is less, there is less inflow of foreign currency in India.
Taranjit Singh
(Expert)
12 January 2010
.
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