Rupees (INR) value against US Dollar

Hello Hive Fam!

Hope you are doing well and having a great time wherever you are in the world.

INR is the currency of India and it's value has been dropping consistently. In any country the value of Fiat currency is dependent upon various economical factors and FDI policies. The Indian currency has been losing its value from many years and if you look at the long term pattern then you clean see this happening.

I have checked the below chart which I have got on the Google and it clearly shows that how the currency value is dropping and since this chart is against US dollar versus INR so you can see that dollar value is going up against the INR. Currently we need more than 90 inr against US dollar.

The government is playing a different game and they are saying that it is beneficial for the country but they are not acknowledging the fact that because of their poor policy is the currency is losing its value or its kind of degrading it's value against dollar. If US dollar is performing good it's become the US government is doing whatever is needed to keep the dollar strong but the Indian government is not doing something to keep the INR currency is strong and the bigger problem is that they are not ready to acknowledge it so obviously they will not do anything which is going to increase the value of INR and we might see it happening consistently even in future.

Possibly in next few years we might see $1 equals to 100 INR. So the century is not far away and a matter of a few years or maybe less than that that obviously we don't know at this point of time but with this space and speed it is confirmed that it will be happening for sure with the question is when?

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Image source - Google

Posted Using INLEO