Rupee value goes down when we import more than we export.
Isn't it directly connected things? doesn't it work in circles?
My views are of layman's,utterly basic.
When we consume more of foreign origin goods then either you need to import more or bring the manufacturer to our homeland.
Sure ,I am being Paid in Dollars presently and it is at 49.56/$ now . and last year it hovered around 39-40 .
but even with more Indian money in hand than last year,I feel I am being less paid this year compared to last year.as
When I return to my home there is nothing left in pocket either . From salt to gold, everything is on fire.Can it be due to RBI interference. I dont think so.
I can very much cut down on cost. if I buy basic household items from Desi source. like the toothpowder ,for example.
that is my logic.
my uncle's kid wants a pizza instead of regular Dal chaaval and uncle feels the heat!! and my friends prefer McDonald hamburger(Rs.40) against Vada paav Rs7.(How are we being pulled like a magnet?is it western humility)
End of the day we remain at Zero.