All Indians are worried after knowing about the decreasing value of rupee in global market. But why is this so ? Why any country will decrease it's currencies value ?
You will be surprised to know that when India became independent, it's currency 'rupee' was equal to dollar. But After that on many times India has to decrease value of it's currency for various reasons.
When India became free then it had many problems like no income sources for populations, no big investment sources. So for creating new jobs and face bad situations it has to allure big investors and big exporting orders. For that it has to decrease value of rupee in global market.
After that India decreased it's currency's global value again for various reasons. And also global economy affected it. I hope this information was useful to you. So keep sharing and reading.
What you mentioned in post is wrong..
Currency value falling because we are spending more on foreign goods and other international factor.
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oh thanks