As a major part of Keralites are working in gulf countries, falling of Indian rupee is helping them a lot!!! Nowadays, I am able to see such lot of people around me getting its benefits.
This is a yahoo article about this matter!
http://in.finance.yahoo.com/news/rupee-s-free-fall-is-kerala-s-windfall-.html
Meera sandhu
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I feel this is really bad as our Indian currency value is decreasing. I don't know why, it is decreasing and why the value of the Indian currency is not increasing. If any one know please tell me,
Gulf malayalis is a major part of our state. 20 or 30 years ago, it was a boom in our state. Later, they begin to lose their charm. But now again, when Indian rupee is depreciating, they are regaining their lost value and power.
Actually Gulf Malayalis is a good group and many families have earned from it, either workers or educated employes. Now, when they get more money during dollar exchange, yes, Kerala is benefiting from dollar fall, actually.
I read in that article, bank deposits can increased enormously and also debts decreased. Hoping, you have gone through the article!!!
