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Why Indian rupee is falling down?

  1. goodnews11 profile image86
    goodnews11posted 3 years ago

    Indian Rupee is falling rapidly against US Dollars. Can any one explain me why it is happening so?

    1. ThriftyBoomer profile image60
      ThriftyBoomerposted 3 years ago in reply to this

      The U.S. economy has struggled with high unemployment for the past 5 years. As a result, there was a backlash against buying foreign products since they resulted in American factories going out of business.

      American companies are responding by increasing their level of American-made products in the stores. For example, Walmart is aiming for 35% of its products being American made by the end of next year. This investment in the American economy makes the U.S. dollar stronger against other currencies, especially those in developing countries.

  2. Zelkiiro profile image84
    Zelkiiroposted 3 years ago

    Not to mention, monetary values are always fluctuating. The rupee might be down today and up tomorrow.

  3. Doodlehead profile image82
    Doodleheadposted 3 years ago

    Is it possible the USD is just inflating so fast?   Whose index are you watching?