Tag: dollars

The finance minister was recently lambasted by opposition parties for saying in the United States that the strengthening of the dollar was to blame for the rupee's decline in value. The US economy is performing better than other economies at a fundamental level. The American employment market has done exceptionally well, and sectors like services have remained resilient despite very high rates of inflation. This has boosted market confidence and allayed worries about things like a decline in the housing market. The value of the Indian rupee to the US dollar is determined by supply and demand. The value of the Indian rupee decreases when demand for US dollars increases and vice versa which is a very basic concept of economics. The demand for the dollar will be larger than th