Why the Indian rupee are less than Americans dollar
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because India is less development country as compared to America hope u like it
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Value of money for two people is not same in rupees itself. Forget dollars and rupees. :)
As an illustration, A hundred rupee note can buy a poor man one day of life while the same hundred rupee note cannot buy an ultra rich person his bedtime coffee. Ain't that a fact? :)
By establishing that value of money is not equal, let me explain you that the term value of money is very vague. Which value are we speaking about?
Is it the monetary value or the purchasing power value?
For example, if you consider monetary value of a currency,
As of today, USD 1 = INR 60
But, if you consider purchasing power,
As of today, USD 1 = INR 21
Pls mark as brainlist
As an illustration, A hundred rupee note can buy a poor man one day of life while the same hundred rupee note cannot buy an ultra rich person his bedtime coffee. Ain't that a fact? :)
By establishing that value of money is not equal, let me explain you that the term value of money is very vague. Which value are we speaking about?
Is it the monetary value or the purchasing power value?
For example, if you consider monetary value of a currency,
As of today, USD 1 = INR 60
But, if you consider purchasing power,
As of today, USD 1 = INR 21
Pls mark as brainlist
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