What does and does not determine the value of the rupee

What is the money in your name and your wallet really worth? One way of arriving at a number is calculating what all it can buy today as compared to a month back and perhaps what it will be able to purchase a month later. Another less tedious way that would provide a more absolute number, which changes almost daily and is a more approachable concept for most is how many dollars it can buy today, a month back and a month later.

This is important information for investors looking to spend, save or invest and businesses to formulate budgets, strategize and plan. It is therefore important to understand what does and does not have an effect on the value of the Rupee against the USD.