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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.
What else can I help you with?
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 are the challenges of tumbling of Indian rupee against dollar?
Milyon=indian
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.
Why did the Indian Rupee depreciate so much against the US Dollar?
The availability or rather the supply of the US Dollar in the Indian markets is pretty limited. Because of uncertainty in the global economic scenario, foreign investors (especially from USA) have turned net-sellers and USD Inflows into the country has fallen sharply. The US dollars into the Indian economy by the FII's (Foreign Institutional Investors) not only guides the movement of the Indian Stock Markets, it also is a potent force that can determine the exchange rate movement of the Indian Rupee. The synopsis of this FII situation is as follows: "If there is a net inflow of money (USD) from FII's the rupee strengthens or appreciates against the US Dollar. When there are net outflows, it depreciates" For Example: During 2010, there were record inflows of funds from FII's into the Indian system and hence the Rupee was very strong. Remember the days when the Rupee was around 42-43 rupees per US Dollar??? Now in 2011, FII's are withdrawing their funds and hence the value of the rupee is depreciating
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 dollar value increase against Indian rupee?
ya sure
What are the challenges of tumbling of Indian rupee against dollar?
Milyon=indian
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
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 conversion of a dollar to a rupee?
Exchange rate is the converter of dollar into a rupee.
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.
Why did the Indian Rupee depreciate so much against the US Dollar?
The availability or rather the supply of the US Dollar in the Indian markets is pretty limited. Because of uncertainty in the global economic scenario, foreign investors (especially from USA) have turned net-sellers and USD Inflows into the country has fallen sharply. The US dollars into the Indian economy by the FII's (Foreign Institutional Investors) not only guides the movement of the Indian Stock Markets, it also is a potent force that can determine the exchange rate movement of the Indian Rupee. The synopsis of this FII situation is as follows: "If there is a net inflow of money (USD) from FII's the rupee strengthens or appreciates against the US Dollar. When there are net outflows, it depreciates" For Example: During 2010, there were record inflows of funds from FII's into the Indian system and hence the Rupee was very strong. Remember the days when the Rupee was around 42-43 rupees per US Dollar??? Now in 2011, FII's are withdrawing their funds and hence the value of the rupee is depreciating
