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what are the basic reasons for the appreciation of rupee
against US Dollar?
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Answer Posted / ponnagantis
1.FII's,NRI's investments in securities very high in last 3
years.FDI also increased.
2.Many Indians are working in abroad. They are sending huge
money to their relatives. Last year they sent nearly $27 Bn.
3.our main import is crude. Rupee appreciation is positive
to saving of forex. Our GDP is very good that's why our
exports increased.
4.............and so many things added.
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