How did the USD to INR exchange rate change in 1990?

1 answers

• Dec 24, 2021 · 3 years ago
  During 1990, the USD to INR exchange rate experienced fluctuations that were influenced by various factors. The exchange rate is determined by the demand and supply of currencies in the foreign exchange market. In 1990, the Indian economy was undergoing significant changes, with the introduction of economic reforms. These reforms aimed to liberalize the Indian economy and attract foreign investments. As a result, the exchange rate was affected by the market's perception of these reforms and the inflow of foreign capital. Additionally, global events such as the Gulf War and changes in oil prices also played a role in shaping the exchange rate. It's important to note that exchange rates are highly volatile and can be influenced by a wide range of factors. Therefore, it's crucial to consider multiple factors when analyzing the USD to INR exchange rate in 1990.
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