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Well, this is not something that can be answered in a single sentence. But to give an overall picture without getting into the deeper details, the reason would be:
"Exchange Rate is nothing but the price of a Currency in the International Market. If the demand for the dollar is higher than its supply, the Rupee should depreciate. If it is the other way round, it should appreciate"
The Key reason for this would be the global economic scenario. The economic situation, world over is very volatile. People are worried about the safety of their investments. Because of risk aversion on the part of people, US Dollar regained its place as a Safe Haven. People still believe that the US Dollar is much safer than any other currency in the world and hence are accumulating the US Dollar. This effectively means that, the demand for the Dollar is going up which essentially means the price of other currencies (Exchange Rate) may be affected.
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∙ 12y ago
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What are the challenges of tumbling of Indian rupee against dollar?
Milyon=indian
Will the Indian Rupee depreciate further against the US Dollar?
Maybe… This is not something that we can predict right away. But, by the look of things it looks like it may go up by another one or two rupees. Maybe 53 or 54 is realistic and possible.
What is the value of indian rupee against us dollar?
1USD is 61.92 rupees. 1 rupee is 0.01615USD. This is correct to 29 Dec 2013 and fluctuates
The purchasing power of rupee strengthened against dollar in recent past because?
the purchasing power of rupee strengthened because of weak economic conditions in USA.
What is rupee appreciation and rupee depreciation?
Rupee is the Indian currency. Just like any commodity the Rupee also has a price, the value you pay to exchange a rupee. The US Dollar being the predominant currency, all prices of currencies are generally quoted in Dollars. Hence in case of the Rupee, its price at any point in time maybe say, Rs.45/$ (determined through various aspects such as forex reserves, FDI inflows, rate of interests and so on). With the change of the indicators the value of the rupee as per the dollar changes. When the rupee becomes dearer i.e. say Rs.40/$ it is said to have Appreciated (Value) in the reverse case say Rs.50/$ then the Rupee Depreciates (Value). Rupee changes values for a range of reasons, like if US performs very well then people will demand more US dollars, exchanging their rupee. This Demand will raise the price of the US dollar and hence depreciate the Indian Rupee.
Will dollar value increase against Indian rupee?
ya sure
What are the challenges of tumbling of Indian rupee against dollar?
Milyon=indian
Will the Indian Rupee depreciate further against the US Dollar?
Maybe… This is not something that we can predict right away. But, by the look of things it looks like it may go up by another one or two rupees. Maybe 53 or 54 is realistic and possible.
Will Indian rupee raise against Australian dollar in future?
yes.. in December
What is the current exchange rate of US Dollar against Indian Rupee?
the current exchange rate of US Dollar against Indian Rupee is 39.375---------Access US Dollar to Indian Rupee conversion rates provided by ICICI Money2India, SBI Express Remit, Remit2India, HDFC and Axis Bank live at http://www.dollar2rupee.net
What is the conversion of a dollar to a rupee?
Exchange rate is the converter of dollar into a rupee.
How much is 1 dollars in Indian rupee?
This depends on what dollar 1 US Dollar in Indian Rupee is 63.60 1 Australian Dollar in Indian Rupee is 50.32 1 Barbardian in Indiian Rupee is 31.98 1 Bahamian Dollar in Indian Rupee is 64.01 1 Canadian Dollar in Indian Rupee is 51.04 1 New Zealand Dollar in Indian Rupee is 46.15
What is the value of indian rupee against us dollar?
1USD is 61.92 rupees. 1 rupee is 0.01615USD. This is correct to 29 Dec 2013 and fluctuates
What is indias dollar name?
A rupee.
Australian dollar value against Indian rupee?
See the link to - Universal Currency Converter
The purchasing power of rupee strengthened against dollar in recent past because?
the purchasing power of rupee strengthened because of weak economic conditions in USA.
What is rupee appreciation and rupee depreciation?
Rupee is the Indian currency. Just like any commodity the Rupee also has a price, the value you pay to exchange a rupee. The US Dollar being the predominant currency, all prices of currencies are generally quoted in Dollars. Hence in case of the Rupee, its price at any point in time maybe say, Rs.45/$ (determined through various aspects such as forex reserves, FDI inflows, rate of interests and so on). With the change of the indicators the value of the rupee as per the dollar changes. When the rupee becomes dearer i.e. say Rs.40/$ it is said to have Appreciated (Value) in the reverse case say Rs.50/$ then the Rupee Depreciates (Value). Rupee changes values for a range of reasons, like if US performs very well then people will demand more US dollars, exchanging their rupee. This Demand will raise the price of the US dollar and hence depreciate the Indian Rupee.
