Why Indian rupee is falling down?

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  1. goodnews11 profile image88
    goodnews11posted 11 years ago

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

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    1. ThriftyBoomer profile image61
      ThriftyBoomerposted 11 years agoin 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.

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  2. Zelkiiro profile image60
    Zelkiiroposted 11 years ago

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

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  3. Doodlehead profile image48
    Doodleheadposted 11 years ago

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

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