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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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Why does rupee depreciate against dollar?
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.
What is the current conversion rate of dollar to rupee?
According to the Royal Bank of Canada the current rate is 0.019011. Meaning that a single canadian dollar would turn out to be more or less 52.59 rupee of India.
In which year 1 rupee value comes to 1 us dollar?
You need to be a bit more specific. What are you asking? Are you asking: 1) What year of Indian rupee coin would be worth about a dollar 2) What year was the exchange rate such that one Indian Rupee was equal to one USD (which I don't think has ever happened since the Rupee is a low valued currency when compared to the US) Or something else?
Depreciation of rupees against US dollars?
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.
How many rupees in 1 Us?
Currently, one Indian rupee is the equivalent of 0.017 US dollars. This means that one US dollar would be equal to 60.13 Indian rupees.
Why does rupee depreciate against dollar?
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.
What is the current conversion rate of dollar to rupee?
According to the Royal Bank of Canada the current rate is 0.019011. Meaning that a single canadian dollar would turn out to be more or less 52.59 rupee of India.
Will Indian rupee raise more against US dollar?
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.
In which year 1 rupee value comes to 1 us dollar?
You need to be a bit more specific. What are you asking? Are you asking: 1) What year of Indian rupee coin would be worth about a dollar 2) What year was the exchange rate such that one Indian Rupee was equal to one USD (which I don't think has ever happened since the Rupee is a low valued currency when compared to the US) Or something else?
Why is dollar appreciating against rupee?
The main reason for rupee appreciation is the booming Indian economy due to which more dollars are flowinig into the country. As a result, demand for rupee is increasing in the forex market against dollar. The general market principle says that when demand of any commodity increases its price increases. Hence in this case when demand of rupee vis a vis dollar is increasing it would mean that value of rupee will increase that is one would need to pay more dollar to get one rupee. Going again into the reason for more demand for rupee, booming Indian economy means more investments from Foreign institutional investors and also more FDI in India since market of India is expanding and foreign investors see it as a potential future market. Secondly when US economy is slowing down, to heat up the economy US government is planning to keep the interest rate low. Since Indian interest rate is high in comparison to that in US, more funds are flowing into India to gain the benefit of interest differentials. Dilip Jhunjhunwala
Appreciation of Indian rupee and its effect on IT industry?
The appreciation in Indian Rupee means less Rupees for every Dollar, naturally the IT companies who earn most of the revenue in Dollars would earn less money in Rupees which would result into decrease in their profits.
How much 29.99 dollar in Indian rupees?
The US dollar is worth a great deal more than a rupee. 1 dollar equals 60.81 rupees, so 29.99 in dollars would be equal to 1823.84 in Indian rupees.
Can you depreciate a website design?
Do you mean depreciate or deprecate? To depreciate a cost of the website design, I would split the design and build cost over the expected useful life of the site - maybe 3 years.
Depreciation of rupees against US dollars?
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.
What is a Indian rupee worth 1944?
I think it would be 20000 to 30000 indian rupee value
What is the official currency of Mauritius?
Mauritius is a volcanic island nation in the Indian Ocean.The official currency is the Mauritian rupeeThe international trading code is MUR.
How many rupees in 1 Us?
Currently, one Indian rupee is the equivalent of 0.017 US dollars. This means that one US dollar would be equal to 60.13 Indian rupees.
