Quote:
Originally Posted by mayurpathak
(Remember, stock market is a function of FDis FIIs and Domestic investments). Hence dollor value had come down to as low as 1$=44.5 Rs. However as the correction came into force, now the dollor value is about Rs.46. That means, Rupee has devalued.. and the primary reason was the fluctuation in the stock market.
Although stock market is not the best indicator for calculating Rupee value. There are other stronger parameters such as PPP and Inflation.
I hope I answered your question.
FDI=Foreign Direct Investment.
FII=Foreign Institutional Investment.
PPP=Purchase Power Parity
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Now a days value of rs. is 45.81 I gues.. Whatever it is.... My query is...
Why on daily basis value of Rs. is changing....
And why the dollaar is taken as bench mark why not YEN....
??
Thanks in advance..
--Crazy