SakuraBlooming
Thu Aug 08 2024
|
5 answers
617
Does Indian rupee have a market-determined exchange rate?
Could you clarify if the Indian rupee's exchange rate is indeed market-determined? I'm curious to understand if the global forces of supply and demand, as well as economic indicators and investor sentiment, play a pivotal role in shaping its value against other currencies. Or does the Indian government or central bank have a significant influence in determining its exchange rate? It's essential to understand the dynamics behind the Indian rupee's exchange rate for investors, traders, and policymakers alike.
