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Help me 8. The US (currency: USD) and India (currency: INR) are trading partners. The INR has been depreciating against the USD from 63.59 INR
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8. The US (currency: USD) and India (currency: INR) are trading partners. The INR has been depreciating against the USD from 63.59 INR / USD on Jan 12, 2018, to 70.95 INR / USD on Jan 10, 2020 and to 73.70 INR / USD on Sep 17, 2021.
i)What impact is expected on Indian exports and imports with the US over this time-period? Why?
ii) What impact can an import tax on Indian goods in the US have on US imports of Indian goods? Why?
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