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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
Answers (3)
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
