The US (currency: USD) and India (currency: INR) are trading partners. The INR has been...
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The US (currency: USD) and India (currency: INR) are trading partners. The INR has been depreciating against the USD from 63.59 INR / USD on Jan 12, 2018, to 70.95 INR / USD on Jan 10, 2020 and to 73.70 INR / USD on Sep 17, 2021. i)What impact is expected on Indian exports and imports with the US over this time period? Why? ii) What impact can an import tax on Indian goods in the US have on US imports of Indian goods? Why?
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