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Currencies: If a ten-year-old asks me why a US Dollar costs 60 INR, how should I explain it?
I have a question. If a ten-year-old asks me why a US Dollar costs 60 INR, how should I explain it?
Well, the value of a currency depends on various factors such as supply and demand, inflation, and the relative strength of the economy. The exchange rate between the US Dollar and  INR is affected by these factors.