What will happen when USD 1 = INR 1?
Finely put in first answer.Please don’t give lame answers, people! This is Quora, not Facebook.
If 1 INR will become equal to USD 1, you will be able to buy an iPhones for Rs. 220/-, all right; but then, Rs. 220/- will be also much more dearer. It’s not like you will be buying a 200 mL bottle of Coca Cola for 10/- bucks. It will also reduce proportionately to a few paise.
That’s how the economy…