Fin 242
Financial Management

Term Paper

How the American dollar ($) impacts India, a general report

By
Samarth Bahl

Since, 1991 when the then Indian government was run by the Indian National Congress (INC), the political party instituted a plan to implement economic reforms, short and long term to bring the country out of its quagmire, to this end the value of the dollar has played a key role in the economic fortunes of India. This is due to the fact that the dollar has been the world's most dominant currency in the past 65 years. The major currencies in the market today are always measured against the dollar. For example, the value of the Euro, its strengthening or weakening is measured relative to the American dollar. The reason for the dollar to be such a strong market force in the foreign exchange market is due to its reserve currency status, which makes it the most widely distributed and used currency. That is another reason why some of the other major existing......

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Title: How The American Dollar Impacts India
Approximate Word Count: 3452
Approximate Pages: 14 (250 words per double-spaced page)

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