what are the basic reasons for the appreciation of rupee
against US Dollar?
Answers were Sorted based on User's Feedback
Answer / ponnagantis
1.FII's,NRI's investments in securities very high in last 3
years.FDI also increased.
2.Many Indians are working in abroad. They are sending huge
money to their relatives. Last year they sent nearly $27 Bn.
3.our main import is crude. Rupee appreciation is positive
to saving of forex. Our GDP is very good that's why our
exports increased.
4.............and so many things added.
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / snehal
IT outsourcing and heavy investment of FII in
india,slowdown in US economy,Rupee appreciates when there
is a position of buy rupee and sell dollers.demand for
rupee increases and ultimately rupee appreciates.
Is This Answer Correct ? | 3 Yes | 0 No |
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