How does the value of rupee (in terms of dollar)appreciate and depreciate?

Question

What is the effect of this rupee appreciation and depreciation?

What is the base on which the rupee goes up or down?

Answer 1

depending on the global economy the rupee can appreciate or depreciate. the more money that the indian government has to produce in order to pay for its expenses, the more the value of the rupee depreciates. if the indian economy is doing well or is growing substantially, the value of the rupee will increase