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Why dolllar 2 rupee is not increasing


SonyAgarwal

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  • 7 months later...
On 12/1/2021 at 12:56 PM, SonyAgarwal said:

Why the rate is just 70 to 75 since last 3 years why it is not increasing  

 Because Modi is dumb, we are not leveraging our economy and work force, we are importing more than we are exporting leading to a trade deficit, that means we are buying more dollars to pay for the imports than we are earning.

If a country exports more than it imports, there is a high demand for its goods, and thus, for its currency. The economics of supply and demand dictate that when demand is high, prices rise and the currency appreciates  or depreciates  in value.

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