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How does the change in Indian currency affect Indian economy?
I was wondering if you could give me some insights on how the change in Indian currency affects the Indian economy.
Sure. Currency fluctuations can have a significant impact on an economy. When a currency depreciates, it can make imports expensive and boost exports. Conversely, when a currency appreciates, it can make exports more expensive and reduce imports. In the case of India, how the currency change affects the economy is dependent on various factors such as trading partners, oil prices, inflation rates, and monetary policy.