School of Economics | Part 2
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 Tejvan Pettinger  The Indian Rupee has fallen in value against a basket of currencies since independence in 1947. In recent years, the Indian Rupee has continued to depreciate in value. Indian Rupee value against US Dollar In 1990, you could buy $1 for 16 Indian Rupees. By 2013,...

Terms of Trade Effect   Definition: The Terms of Trade is the average price of exports / by the average price of imports. It is a measure of a countries relative competitiveness.   If export prices rise relative to import prices, we say there has been an improvement in the...