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Activity:
Question posted: 12 08 2008 09:08:42 +0000,
1 answers, 338 views, last activity
07 06 2010 20:18:08 +0000
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Why dollar price increasing when US is facing financial crisis??
I have noticed that the dollar price has increased and has touched new heights inspite of US going through recession ???
I want to know why why why??
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Answer modified by
Ganesan S, Client Servicing/Key Account Manager, Citibank
| 12 08 2008 09:17:37 +0000
Not Rated
The main reason why dollar price is increasing is due to Trade Deficit i.e India's imports are more than exports. Due to which the outflow of dollar increases which leads to increase in price of dollars compared to Indian Rupee.
The other reason is all because of the Foreign investors, the heavy selling of stock in Indian Market by FII's , FDI's and other foreign investors has lead to outflow of dollars.
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