The Rupee-Dollar Ratio Fluctuations: Challenges and Impact on the Economy
NeuroQuantology
; 20(18):252-259, 2022.
Article
in English
| EMBASE | ID: covidwho-2203993
ABSTRACT
Indian witnessed its record lowest ever currency fall in a matter of few days. The Rupee loss meant that it's a gain for the US Dollar. There have been numerous reasons which paved way to the diminishing value of Indian rupee. Within a timeframe of just 75 years a sharp rise to 79INR/1USD could be witnessed in the year 2022. The value of Rupees has diminished by about seventeen times during this time frame. There has been numerous reasons for the fall in the vale of Rupee such as the Russia-Ukraine war, inflation rate, crude oil price change etc. the fall in Rupee value has put the Indian economy in great stress and challenge creating an impact on the economy. This paper attempts to make a Rupee-Dollar comparison since 2016 to 2022 using data collected from reliable sources and using SPSS software to evaluate the results obtained. Copyright © 2022, Anka Publishers. All rights reserved.
Full text:
Available
Collection:
Databases of international organizations
Database:
EMBASE
Type of study:
Experimental Studies
Language:
English
Journal:
NeuroQuantology
Year:
2022
Document Type:
Article
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