In india, exchange rate us dollars has been risen considerably. What is its likely impact on indian exports and why?
Dear Student,
In India, the foreign exchange rate of the US Dollar increases it means there is more demand for the US Dollar that leads to depreciation of the Indian currency which ultimately increases our exports as domestic goods become cheaper.
Regards
In India, the foreign exchange rate of the US Dollar increases it means there is more demand for the US Dollar that leads to depreciation of the Indian currency which ultimately increases our exports as domestic goods become cheaper.
Regards