Ask a Question

Why euro to inr is increasing

89 views
Why euro to inr is increasing
by (47.4k points)

1 Answer

0 votes
The increasing value of the Euro against the Indian Rupee (INR) may be the result of several economic and political factors:

Increased demand for the euro for commercial or investment purposes, the price of the euro will rise relative to the rupee.

Changes in global exchange rates such as movements of the US dollar or fluctuations in oil prices

Some consider the Euro to be a more stable currency than the Indian Rupee.

If the European economy grows faster or more stably than the Indian economy, this may increase demand for the euro.

Raising interest rates increases the attractiveness of the euro for investment.
by (223k points)

No related questions found

Free Online Question and Answer Website

Are you curious? Get answers to your questions online. Share and spread your know-how through the best question and answer English Website. Join the free question-answer site today. Ask thought-provoking questions and get the answers from the experts. Select and choose topics of your choice. Create or join your own community.

Ask your question with your name or go anonymous. Become street smarter and join hands with likeable people.
Ask us any question and get instant help. You can learn and know anything about this platform.

The best answers will get a vote-up. Don't wait and sign up now? Explore a wide range of different questions and answers. Active users and regular readers will get benefited and also help us grow.

For any little concern, we are here. Get a quick fix answer for all your questions. We are happy to share. Asklent is a platform for helping each other.

Copyright ©2024 Asklent Q&A