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What is the reason of rupee reaching a 9 year high?can we account it to more FDI investment and drop in U.S $?


What is the reason of rupee reaching a 9 year high?can we account it to more FDI investment and drop in U.S $?

the reason is simple. It is the dollar which is going down. The Indian rupee is not the only currency apprecaiting vis a vis US dollar. all currencies are gaining because the dollar value is going dow.
It is a ploy by us government because they want to minimise exports into usa, in other words the us governments want that is people import less bty making things costlier in terms of dollward. it will improve their balance of trade.
but I am sure it is going to backfire very badly. us economy is going to be in deep trouble.
it is my opinion.

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