I have always wonder why its so much stronger ? when you go to Japan, everything is cheaper in a sense and the U.S dollar means more in Japan. Why is that ?
In: Economics
The power of a currency comes from what you can buy with it, with INR you are limited to anything from India, with CNY from china hongkong Russia and same with many others, usd on the other hand can be used in all parts of the world to buy whatever you want, this also makes it attractive in black market deals. And it becomes a positive feedback loop the more people can use it the more they trust it which means the more they use it.
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