Can someone explain why the direction of USD/INR should go down?

AI & Machine learning
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Course Name: Forex Trading using Python: Basics, Section No: 1, Unit No: 6, Unit type: Quiz

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Hi Harshvardhan,



The interest rate hike increases the demand for INR. So in absence of other factors, the INR will grow stronger than before. Hence the worth of USD in INR will reduce (since INR is worth more now).



Hope this helps!

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Thanks Gaurav!