Why american dollers have more value than india rupee?
Answers
Answered by
0
Hey mate here is your answer》》
A) It was adopted as so , during Bretton Woods conferance in 1944.
B) Since US had growth rate greater than India and Inflation lower than India ,Real value of Indian Ruppee has declined and Dollar has increased.
C) Repo rate in India is 7.5% while in US it is 0% , According to interest rate parity , Global interest rates are the same , so to high interest rate if offset by ruppee depreciation.
Hope this answer will help you..《《
A) It was adopted as so , during Bretton Woods conferance in 1944.
B) Since US had growth rate greater than India and Inflation lower than India ,Real value of Indian Ruppee has declined and Dollar has increased.
C) Repo rate in India is 7.5% while in US it is 0% , According to interest rate parity , Global interest rates are the same , so to high interest rate if offset by ruppee depreciation.
Hope this answer will help you..《《
Answered by
0
Because its value is high.
I.e. 1$ = rs. 66 almost
Mark it as brainliest answer......
Similar questions
Science,
7 months ago
English,
7 months ago
English,
1 year ago
Biology,
1 year ago
Social Sciences,
1 year ago