why dollars is higher then rupees??
Answers
Answered by
1
Its simple mean is; outflow of foreign currency is more from Indian market as compared to inflow of foreign currency. ... In the same way; when more and more foreign currency i.e. dollar goes out of Indian market, its domestic price increases and the price of Indian rupee decreases...
Answered by
2
Answer:Because oil is priced in dollars, and you can now buy more of it with the same number of dollars, it has the effect of increasing the dollar's purchasing power relative to other currencies used to buy oil. ... The improved trade balance means more dollars stay at home, tightening the supply outside the U.S.
Similar questions