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TagsWhat are the factors influencing the exchange rate between USD and INR in the world of digital currencies?
Moos QuinnMar 19, 2022 · 3 years ago1 answersWhat are the main factors that affect the exchange rate between the USD and INR in the digital currency world? How do these factors impact the value of these currencies?
1 answers
- When it comes to the exchange rate between USD and INR in the world of digital currencies, there are a few factors at play. Demand and supply are obviously important. If there's a higher demand for USD, its value will go up. Economic indicators like interest rates, inflation rates, and GDP growth also have an impact. Political stability and government policies can influence the exchange rate as well. And of course, market sentiment and investor confidence can cause fluctuations. So, it's a combination of all these factors that determine the exchange rate between USD and INR in the digital currency world. Hope that clears things up for you!Mar 19, 2022 · 3 years ago
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