Home Business & FinanceInvestments & Financial MarketsStock Markets Subscribe to RSS

In India There Is Very Good Business With All Companies And Also Stock Market Is Doing Well, Then What Is The Probable Reasons US$ Versus India Rs, Gap Is Going Higher & Higher. As On Date 1US$ = IN Rs. 49. Last Year It Was IN Rs. 40?

Answer Question

1 Answer - Sort by: Date | Rating

    Foreign Exchange rates are not decided by the Stock market ..it depends upon how much Forex an economy has with it.means the Rupee Vs $ US depends upon How much $ US, Indian economy has in the form of FIIs or reserves. Try to understand the difference between them. FIIs are directly made by the foreign investors and reserves are made with the help of exports. Last year Indian Economy has more $ US with in it in form of reserves and FIIs both.
    0 0

    Ankitsri 

    answered 4 months ago

      More

      More

       
       

      Ask a Question via Twitter

      Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

      Blurtit Store

      Get T-shirts, hoodies, caps and more at the Blurtit store