Do an Internet search and look up historical exchange rates. Find the recent exchange rates between the
Question:
Do an Internet search and look up historical exchange rates. Find the recent exchange rates between the Indian rupee and the Chinese yuan and between the U.S. dollar and the Emirati dirham. Compare them with exchange rates a year ago. Go to the website of Ministry of Commerce and Industry, India, to find the latest value of Indian exports, imports, and trade balance and compare with estimates of the previous year. Did these values increase or decrease during that year? Explain how changes in the exchange rates may have had an impact on the changes in Indian exports, imports, and the trade balance. Discuss if you witness any deviation from the theories studied.
Step by Step Answer:
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster