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how does rupee strengthen when the Reserve Bank of India
sells dollars in the market????
please i need an answer
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Answer Posted / jyotirman
as the RBI sells dollars ,the supply of dollar increases
.and as the price depends upon demand and supply the price
of dollar wrt rupee will tend to decrease due to higher
supply that essentially means strenthening of the rupee.
| Is This Answer Correct ? | 31 Yes | 7 No |
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