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Why is dollar costlier than rupee?

Updated: 9/19/2023
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11y ago

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The marginal utility in US is as high as the value of $1 wherein it is as high as Rs.1, which means when a person in India has 1 uses with his produce, A person in US has 44 uses with his produce.

The total development offers increase in people's awareness of wants they can satisfy with their earnings.

Since the developments in US in all areas of life are much greater than that of India, the value of dollar is costlier than rupee.

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11y ago
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Why is rupee is greater than dollar?

Rupee is not greater than dollar. On a currency exchange basis US $ is typically about 50 Rupees whereas Canadian $ is worth about 44 to 45 Rupees.


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Exchange rate is the converter of dollar into a rupee.


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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


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Never. Pakistani/Indian rupee was started in 1947. Don't know the exact value of rupees at that time, but it was not greater in value than the dollar.


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One dollar is equal to 46.19 Indian Rupee, 83.48 Pakistani Rupee, and 114.38 Sri Lankan Rupee


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Currently, 1 US Dollar equals 64.14 Indian Rupee.


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