One rupee vs one us dollar

Why one indian rupee is not equal to one 1 us dollar.....what are the reasons for this.....i did Google....but i couldn't find a satisfying answer

jsome jsome

jsome jsome

CA Inter


12-Feb-21 17:16


Answers (3)

You will understand this in Econmoics for finance and sfm....

Sriram Somayajula

Sriram Somayajula


12-Feb-21 17:19

To keep it short, Purchasing power of both currencies are different. $ has higher purchasing power compared to INR. There are numerous factors affecting the same. To understand it all, you need to pay clear attention to Chapter 4 of CA Intermediate paper no 8B Economics for finance

frenil dsouza

frenil dsouza


13-Feb-21 21:06