When will indian currency Rise?

[Desi_Boi]

When will indian currency rise again? like around 30 INR = 1 USD

My family is thinking about buying a townhouse/apartment in NYC and renting it out and it seems like a good investment but we are not planning on it now because 1 USD is about 50 INR

 

[Suryavanshi]

Indian currency might have been reported to gain value in international market but the same is not seen in domestic market. This is because, the government of Indian is heavily relying on importing and hence the prices of every product are high. Since the population of India is increasing day by day, the demand of the product is high and since the supply is from other nations the prices is going up depending on the importing cost. The other factor is the since Government does not spend money judiciously, there are many Indian living below poverty. Indian endowments are lying dormant and unemployment and illiteracy is still strong, India will suffer from economic crisis and therefore the currency’s value will not rise, until these problems are subsided.

 

[Idiotbox]

i think there is much time on it for Indian currency to get a higher value in the international market. despite the fact that India is developing schemes and policies which are to help india get all the technology and products in india, it is not doing much on domestic front. we need a place where we can have our own entrepreneurs and own technology which can be sold to other nations.

 

[R2India]

india has way to go ahead on the roads to improve its economy. though india claims of very high growth rate, reaching the stage where it would be independent and self sufficient is a a little farther from here. only until it becomes economically self sufficient the value of indian rupee will not rise

 

[National]

we need development in many sectors, only then can we behold the Indian currency to reach top marks in the international markets. now that india rupee has got its own symbol, its value in international markets can be foreseen to improve. rest of it lies on the indian economy to do its part to improve its value.