Last year it did go down to 57 odd rupees to a dollar but recovered and came up to Rs 52 odd...But now it has been steadily going down and reached Rs 56.65 to a dollar yesterday and may go down to lower levels..
http://timesofindia.indiatimes.com/business/india-business/Rupees-slide-toward-record-low-puts-India-in-tight-spot/articleshow/20429650.cms
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I think the rupee is touching new lows each day as against the dollar, yesterday it went to almost Rs 62 at one stage before closing at 61.63 odd...pathetci show ! I wonder why Rahul Gandhi come up with some perals of wisdom on this issue like he did about poverty ? Their pockets and stomachs are full and such trivial issues dont really hit the political classes of India...
With elections around and prospects of political uncertainties thereafter rupee is in for more pain than could be possibly imagined. I have been consistently maintaining this for a long time. There is simply no easy way out of this crisis.
No way out ? It seems a very bleak future for our economy ! The only thing that could possibly perk up the nation would be fall of the present day government and fresh elections,...one can at least live in hope !
There has to be way out but I am sure it won't come as long as Gandhi-Singh Axis exists! In fact I foresee a brief misrule by another unholy combine which would test the rupee further before a resurgent rupee can stage a comeback!!
I agree, whosoever comes to power, we are in for harder times ahead. I don't see a clear mandate for anyone so expect more hotch potch and further decline in Rupee as well in political values. We are expected to pay through our noses in coming years.
I think the rupee is touching new lows each day as against the dollar, yesterday it went to almost Rs 62 at one stage before closing at 61.63 odd...pathetci show ! I wonder why Rahul Gandhi come up with some perals of wisdom on this issue like he did about poverty ? Their pockets and stomachs are full and such trivial issues dont really hit the political classes of India...
With elections around and prospects of political uncertainties thereafter rupee is in for more pain than could be possibly imagined. I have been consistently maintaining this for a long time. There is simply no easy way out of this crisis.
No way out ? It seems a very bleak future for our economy ! The only thing that could possibly perk up the nation would be fall of the present day government and fresh elections,...one can at least live in hope !
There has to be way out but I am sure it won't come as long as Gandhi-Singh Axis exists! In fact I foresee a brief misrule by another unholy combine which would test the rupee further before a resurgent rupee can stage a comeback!!
We can only hope for the best :huh: , India seems to behaving one bad news or the other each day and by the time it is time for election one can only hope that the present government and the present lot of leaders are completely wiped out...anything is better than that !
It seems like some measures are soon going to be taken to arrest the steady decline of rupee now by curtailing imports on non-essential goods such as gold. How much it will work and to what extent remains to be seen now!
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
It seems like some measures are soon going to be taken to arrest the steady decline of rupee now by curtailing imports on non-essential goods such as gold. How much it will work and to what extent remains to be seen now!
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
In the news report he comments given by the reders is very interesting to read esp about counterfeit notes...It has happened here in Karnataka too when a few people were caught red handed and then let off citing lack of evidence because the local MLA is from the same minority community...and those people are back in business again ! :huh:
It seems like some measures are soon going to be taken to arrest the steady decline of rupee now by curtailing imports on non-essential goods such as gold. How much it will work and to what extent remains to be seen now!
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
In the news report he comments given by the reders is very interesting to read esp about counterfeit notes...It has happened here in Karnataka too when a few people were caught red handed and then let off citing lack of evidence because the local MLA is from the same minority community...and those people are back in business again ! :huh:
Yes those comments are really interesting! It has long been suggested by many that notes of denomination 500 and 1000 need to be taken off circulation to curtail that problem, but I guess the lawmakers probably get their cut in that too, so it won't happen!
It seems like some measures are soon going to be taken to arrest the steady decline of rupee now by curtailing imports on non-essential goods such as gold. How much it will work and to what extent remains to be seen now!
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
In the news report he comments given by the reders is very interesting to read esp about counterfeit notes...It has happened here in Karnataka too when a few people were caught red handed and then let off citing lack of evidence because the local MLA is from the same minority community...and those people are back in business again ! :huh:
Yes those comments are really interesting! It has long been suggested by many that notes of denomination 500 and 1000 need to be taken off circulation to curtail that problem, but I guess the lawmakers probably get their cut in that too, so it won't happen!
Taking back 500 and 1000 rupee not is not a solution to solve the problem of fall down in rupees. It is matter of demand and supply.
It seems like some measures are soon going to be taken to arrest the steady decline of rupee now by curtailing imports on non-essential goods such as gold. How much it will work and to what extent remains to be seen now!
http://www.dnaindia.com/money/1872995/report-steps-to-arrest-rupee-slide-on-anvil-announcement-likely-soon
In the news report he comments given by the reders is very interesting to read esp about counterfeit notes...It has happened here in Karnataka too when a few people were caught red handed and then let off citing lack of evidence because the local MLA is from the same minority community...and those people are back in business again ! :huh:
Yes those comments are really interesting! It has long been suggested by many that notes of denomination 500 and 1000 need to be taken off circulation to curtail that problem, but I guess the lawmakers probably get their cut in that too, so it won't happen!
Taking back 500 and 1000 rupee not is not a solution to solve the problem of fall down in rupees. It is matter of demand and supply.
Maybe not a direct solution, but taking those denominations out of circulation will help big time!
Great going for Rupee, now according to economists and financial experts it may go as low as 70 ! :ohmy: .....So wonder what our big time economist and prime minister and P.C Chidambaram , another self proclaimed expert is going to do?
Not much, I guess except to helplessly watch and appreciate the beauty of a free fall!!! As I have been maintaining all along that the rupee is in more pain and bloodbath in the coming days. May be it is the only gift of this most corrupt, shamelessly immoral and most incompetent government that this country has ever seen!
Great going for Rupee, now according to economists and financial experts it may go as low as 70 ! :ohmy: .....So wonder what our big time economist and prime minister and P.C Chidambaram , another self proclaimed expert is going to do?
Not much, I guess except to helplessly watch and appreciate the beauty of a free fall!!! As I have been maintaining all along that the rupee is in more pain and bloodbath in the coming days. May be it is only gift of this most corrupt, shamelessly immoral and most incompetent government that this country has ever seen!
So very true ! today Sensex too crashed and fell 750 points ,reflecting the sentiments of the investors ...there is lack of trust everywhere with this present government !
Great going for Rupee, now according to economists and financial experts it may go as low as 70 ! :ohmy: .....So wonder what our big time economist and prime minister and P.C Chidambaram , another self proclaimed expert is going to do?
Not much, I guess except to helplessly watch and appreciate the beauty of a free fall!!! As I have been maintaining all along that the rupee is in more pain and bloodbath in the coming days. May be it is only gift of this most corrupt, shamelessly immoral and most incompetent government that this country has ever seen!
So very true ! today Sensex too crashed and fell 750 points ,reflecting the sentiments of the investors ...there is lack of trust everywhere with this present government !
@Usha
I think what this ever-smiling, pseudo-confident and know-all Finance Minister has thoroughly miscalculated and messed up is that he has been audacious enough to indulge in the fanciful belief that he knows the nuts and bolts of economics and a perfect doctor in feeling the pulse of the global investors. Foreign funds would come at the sweet will of him - his master Manmohan Singh and his boss Sonia Gandhi. But smarter people do live in this world and they are all interpreting the latest policy decisions to liberalize Indian economy as attempts of a drowning person's clutching at a straw for survival, hence rupee is slated to continue its downward journey as long as this most shamelessly corrupt, immoral and incompetent family stays in power even thereafter!!!
Rupee falls to new low at 62.35.Even rupee will travel to 65 and above.We should not astonish even it reaches 80 soon.
Check :http://www.moneycontrol.com/news/rupee/rupee-opens-at-6235dollar-hits-fresh-all-time-low_937536.html#toptag
Check :http://www.moneycontrol.com/news/rupee/rupee-opens-at-6235dollar-hits-fresh-all-time-low_937536.html#toptag
Rupee falls to new low at 62.35.Even rupee will travel to 65 and above.We should not astonish even it reaches 80 soon.
Check :http://www.moneycontrol.com/news/rupee/rupee-opens-at-6235dollar-hits-fresh-all-time-low_937536.html#toptag
This fall is not good for our country and nation. Our ministers must take some steps for improving the value of indian rupees. If they still remain silent, it will cross over 80 in future time.
India's economy is in shambles as overseas investors are withdrawing billions from the country over fears about the strength of rupee. Let's wait and watch for worse to come.
Lets hope this worse stops soon else it will totally destroy the faith of foriegn investers who are withdrawing, even the Indian people will start taking money out from market... :(
India's economy is in shambles as overseas investors are withdrawing billions from the country over fears about the strength of rupee. Let's wait and watch for worse to come.
Lets hope this worse stops soon else it will totally destroy the faith of foriegn investers who are withdrawing, even the Indian people will start taking money out from market... :(
But sir,there is no hope because our government didn't take any emergency actions for the recovery of rupee.Already foreign investors are withdrawing their money from Indian Market.
Topic Author
U
usha manohar
@kiran8
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Created
Tuesday, 04 June 2013 17:42
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Tuesday, 30 November -0001 00:00
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