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Showing posts with label EQUALISATION OF RUPEE AND DOLLAR. Show all posts
Showing posts with label EQUALISATION OF RUPEE AND DOLLAR. Show all posts
Thursday, October 20, 2016
EQUALISATION_OF_RUPEE_AND_DOLLAR

EQUALISATION_OF_RUPEE_AND_DOLLAR

India is the10th largest economy in the whole world in terms of GDP. As it is always a race in currency exchange market for dollar versus rupee, every individual wishes that why can’t be a Re 1 equal to $1? This is the question quite similar to why can’t we just print money and pay all the debt? There are some pros and cons to the situation. Before going to pros & cons, let’s see what happens, if in overnight or in a very short period of time Re 1 equals to $1. First of all, the high value of currency does not mean the economy of the country is stronger. If that was the case Bangladesh would be a stronger economy than Japan. Because 1 Bangladeshi taka is equal to 1.4 yen [1 BDT= 1 YEN].

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