How is rupee value determined?

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How is rupee value determined?
The value of money is determined by the demand for it, just like the value of goods and services. There are three ways to measure the value of the dollar. The first is how much the dollar will buy in foreign currencies. ... They take into account supply and demand, and then factor in their expectations for the future.

Reference:
Value of Money: How It's Determined - The Balance
Aug 3, 2019

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