Money printing
This query is : Resolved
Akshay Badaliya
(Querist)
24 January 2016
i know more money printing will cause inflation in the economy but can India pay other country (for import) in indian currency by printing more ? what would be the impact?
CA R SEETHARAMAN
(Expert)
24 January 2016
Mild inflation is good for the economy. India can't pay other country (for import) in Indian currency by printing more. For imports we have to pay only in acceptable foreign currency.
Akshay Badaliya
(Querist)
24 January 2016
if we pay in acceptable foreign exchange, then why do we receive in foreign exchange rather our currency?
Akshay Badaliya
(Querist)
24 January 2016
we pay in foreign currency .. ok let us assume we pay dollar.
now we export and receive dollar why not rupee
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