Question

Thumbs Up Will Be Given For Answer.

Chapter Topic: Markets for Foreign Exchange

Please find an INTERNATIONAL BUSINESS article to use. By doing so, YOU NEED to please visit websites such as  Reuters, Bloomberg, Wall Street Journal, etc, and put in the keywords "International Business" and the chapter topic "Markets for Foreign Exchange" on the website. You NEED to choose a relevant and interesting article that was made within the PAST COUPLE MONTHS that has to do with "International Business" and the chapter topic "Markets for Foreign Exchange". ***MUST INCLUDE LINK FOR ARTICLE USED PLEASE***  (2-3 paragraphs please)

Question:

A) Key international business dimension for the article?

B) How this article relates to the chapter topic "Markets for Foreign Exchange"?

C) Why this article got your attention?

Answer 1

answer-

The key article shows the dimesion that how US rates are increased due to this Global pandemic. The global pandemic leads to increased exchange rate of US dollar that every country wanted to have USD in their reserve. The central Bank of india decided to tackle this situation by opening a window from where it can get $2 billion at increased exchange rate to meet the needs of import. This has fallen the price of INR by 4.07%.

This article relates to our Topic Markets for foreign exchange because we learned in our course how rates of currency depends on situation like international trade, trade deficiet and globalization. The fall of INR and increase in USD because Import in india is more and USD is one of the volitile currency which needs to be reserved by big banks like central banks of country.

This article attract my attention because we all are facing global COVID-19 pandemic situation so i want to see its effects on currency and exchange rates. I want to see how this virus distrupt the exchange rate system of other foreign countries. How government of many countries are dealing with import , export and currency exchange to tackle this situation.

ref-

As coronavirus spooks markets, RBI announces $2 billion money shot from economic times published on Mar 12, 2020