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. Items listed above are purchased through dollars, so if it got stronger then we have to pay more for the same commodity,and eventually this leads to hike in prices we are paying before.Don't forget, that services like abroad tours, and doing study abroad will attack your bank balance too. Benefits of the same scenario: If we see economically, weaken o...