What happens when Indian currency becomes weak in comparison to Dollar
There are both benefits as well as losses for this scenario.
Commodities and services rate goes instantly high when Dollar becomes stronger:
Weakness of Indian currency leads to hike in prices of things which are being imported outside the country.
- Oil is one of the biggest things which on current date is imported to our country, from which petrol and diesel are prepared.
- After this electronic items holds the second place in the list of import.
- Gold and expensive jwellery also comes in the list.
- Last but not the least, electronic machines is also a group which carries big value when we talk about our imports.
Benefits of the same scenario:
If we see economically, weaken of rupee don't only have bad impacts, rather good impacts too. Any government either it is of India or of any country, always plans to improve the economic stats of the same, and when local products got exported abroad, the payment comes in dollar, as rupee has lower
value so the exporter got more revenue and get motivated to do more business abroad.

Comments
Post a Comment