what are the basic reasons for the appreciation of rupee against US Dollar?

what are the basic reasons for the appreciation of rupee
against US Dollar?

Question Posted / niraj desai

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what are the basic reasons for the appreciation of rupee against US Dollar?..

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.

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what are the basic reasons for the appreciation of rupee against US Dollar?..

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.

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