Why our currency is not powerful as pounds and dollar ?
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A country that imports more than it exports has Less Value Of Currency. Like India imports more than it exports.
This is one reason why 1 Indian Rupee is = 73.28 USD (Mar'2021).
Smaller and less industrialised countries like Bahamas (1 Bahams$ = 1US$), are not as dependent on imports (like crude oil) as India.
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Explanation:
Why is the pounds stronger than the dollar?
Why Is the Pound Worth More Than the Dollar? The pound is higher than the dollar because long-term price movements play a role in the face value of a currency.
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