what is meant by value of rupee falls below the level of ₹59 per dollar? Does it mean indian currency is depreciating or appreciating? Plz give a genuine amswer..
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the value of the rupees fall below the level of rs 59 per dollar mean this statement is mean that the value of the Indian currency is deprecating and it is depressing continuously and hence this becomes and serious problem for the nation for the economical development and . the value of rupees fallen below the level of rupees 59 $1 means means the person having the 59 rupees is considered to be have one dollar. hope this may help you please mark brainliest answer
lucifer4087:
hi
but if Indian currency is depreciating then why would RBI increase supply of rupees and aquire holdings of dollars??
if if this could possible then the RBI had done already .
but by increasing the supply of rupees the value of the rupees will decrease more .
hope you understand
but in managed floating system RBI does not want value of rupee to change...so as a measure it increases supply of rupees...why would it lead to more fall in value of rupee?
actually i am confused as in my book as an eg. of managed floating system, the same thing is written but i m not able to understand why has RBI acquired dollars in this case?
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