Dimers Expert Opinion on Dollar Vs Rupee
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Are there any projections or indications that the value of the US dollar will increase relative to the Indian rupee in the coming months ?
Current Value -Ā 1 United States Dollar equals 83.85 Indian Rupee
Given the current economic trends and market conditions, are there any forecasts or expert analyses suggesting that the value of the US dollar is likely to appreciate against the Indian rupee in the upcoming months?Ā
Additionally, what factors might influence such a change, and how might global economic developments impact this potential shift in the exchange rate?
#feelfreeĀ #myask #ddgenericQ
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Given the current exchange rate trends and economic conditions, would it be advisable for individuals working abroad to transfer funds to India at this time?
From your perspective, how do you assess the timing and potential benefits of making such a transfer now?
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What impact might current exchange rate trends have on holders of foreign stocks?
Additionally, how would you evaluate the implications of converting US dollars to Indian rupees at this particular time?"
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To be Precise 84.08
The idea that a devaluation of the Indian Rupee (INR) relative to the US Dollar (USD) could benefit Indiaās competitiveness as an exporter is rooted in economic theory and practical experience
It canĀ can indeed make Indian goods and services more competitively priced in international markets, which can boost exports butĀ it is not a silver bullet
I thinkĀ A balanced approach that includes improving productivity, quality, and innovation, along with supportive fiscal policies, is essential for sustainable export growth
It is crucial to address the associated risks and focus on long-term strategies to enhance Indiaās economic and trade position
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Trade Balance:
exporting more things vs importing can strengthen INR ( may not be possibleĀ š)
Economic Indicators:
Inflation rates, interest rates, and economic growth in India and the US significantly affect the exchange rate. Higher inflation and lower economic growth in India typically weaken the INR,
Political Stability and Policies:
for example, if Trump wins this November, Sanctions on Russia will be lifted in 6 months or so (I guessĀ š).. which will further decrease our oil exports. So it will weaken INR
Nirmala Thai will not leave until she sees 1 USD = 100 INR