Business News This Week
New Delhi: Indian rupees has been becoming stronger against US dollar. The Finance Secretary, Ashok Chawla told media persons that the government would wait and watch the situation. It is believed that due to the global forces the rupees might become stronger.However, the government is not concern with the stronger rupees against the US dollar. The change in the value of rupees against dollar will have direct impact on the export and imports. The volume of the trade would affected depending on its volume of international trade and transaction.
Sir could u explain that how can it possible in present time.
ReplyDeleteMr. Rahul, its simple process of devaluation and the forex rate depends on global forces too. The article states the governments version over the strong rupees over dollar (by then while writing this story).
ReplyDeleteThanks,
Neel