Indian rupee the new king and Benifit of Indian rupee?
Indian rupee new king and Benifit of Indian rupee? Yess,it's true that Indian rupee will be new king of currency world. Here is why and how indian rupee will be new king? If the value of the US dollar were to suddenly drop, there could be a number of potential benefits for the Indian rupee. Some of the most likely benefits include: 1.Exports : A weaker dollar would make Indian goods and services cheaper for foreign buyers, which could lead to an increase in exports. This could be particularly beneficial for India's large manufacturing and service industries. 2.Foreign investment: A weaker dollar would also make India a more attractive destination for foreign investment, as it would make investments in India more valuable in terms of foreign currency. This could lead to an increase in foreign direct investment (FDI) and portfolio investment in India. 3.Tourism : A weaker dollar would also make India a more affordable destination for foreig...