Rupee slides to a new low this year..

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.

We cannot develop any hope from this existing government. They only plan how to win election that is going to held next year. We are responsible if we still voted for this party.

At the current rate of Indian rupee at almost 62-50 the situation may even get worse, B Pound is touching almost 100, Euro reaching above 82 and Aud dollar almost 58, we need to take immediate action to save our economy.

Rupee is sliding and stock markets are plunging and gold prices are going up, important files are disappearing - the achievemnet of UPA, in fact Congress party which is leading the coalition in the four years that they have been ruling.I wonder if the worse is yet to come ! :huh:

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.

We cannot develop any hope from this existing government. They only plan how to win election that is going to held next year. We are responsible if we still voted for this party.

Yes.Their aim and work is important for them.Only we are affected by this demerits.

Rupee is sliding and stock markets are plunging and gold prices are going up, important files are disappearing - the achievemnet of UPA, in fact Congress party which is leading the coalition in the four years that they have been ruling.I wonder if the worse is yet to come ! :huh:

What exactly can be done ? No solution seems to be there.. Just wait and watch is goin on....

Rupee is sliding and stock markets are plunging and gold prices are going up, important files are disappearing - the achievemnet of UPA, in fact Congress party which is leading the coalition in the four years that they have been ruling.I wonder if the worse is yet to come ! :huh:

What exactly can be done ? No solution seems to be there.. Just wait and watch is goin on....

I last saw it in an Indian paper quoting Rupee dipping as low as 64/dollar.

Rupee is sliding and stock markets are plunging and gold prices are going up, important files are disappearing - the achievemnet of UPA, in fact Congress party which is leading the coalition in the four years that they have been ruling.I wonder if the worse is yet to come ! :huh:

What exactly can be done ? No solution seems to be there.. Just wait and watch is goin on....

I last saw it in an Indian paper quoting Rupee dipping as low as 64/dollar.

I think it is today only.. But today it is showing a bit improvement... what exactly regulates this ? Any idea guys ? I mean whats makes it goes down ? What potentially can be done ?

I was trying to find some reasons for rupee downfall and came through below link. do read it..

http://www.tehelka.com/10-things-to-know-about-the-rupees-slide/

Rupee is sliding and stock markets are plunging and gold prices are going up, important files are disappearing - the achievemnet of UPA, in fact Congress party which is leading the coalition in the four years that they have been ruling.I wonder if the worse is yet to come ! :huh:

What exactly can be done ? No solution seems to be there.. Just wait and watch is goin on....

I last saw it in an Indian paper quoting Rupee dipping as low as 64/dollar.

I think it is today only.. But today it is showing a bit improvement... what exactly regulates this ? Any idea guys ? I mean whats makes it goes down ? What potentially can be done ?

Try to stop hawala deals and deficit of foreign trade can help fall of rupee to some extent.

To day it touched 64, the prime reason for this the growth of US economy after depression, US companies are no longer investing money here, due to good economy and corrupt free government at US, they are happy to invest money there. The institutional investors are taking away from India, the FOREX reserve of India is reducing, due to high inflation, stern and positive economics measure is the necessity, other wise we could be heading for a financial emergency for the first time after independence. :whistle:

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

This brief cartoon on YouTube by Aajtak channel has been phenomenal in giving a graphical representation of how finance minister and PM are now helpless in controlling Indian finance system, and falling rupees,

http://youtu.be/UOWN-EnJhzg

This brief cartoon on YouTube by Aajtak channel has been phenomenal in giving a graphical representation of how finance minister and PM are now helpless in controlling Indian finance system, and falling rupees,

http://youtu.be/UOWN-EnJhzg

Ha ha ha , that was realy funny and very apt for our country's situation...

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

Yes today it touch 63/-. With every one rupee increase in cost of $ India loose 60 thousand crore rupee.

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

Actually they are expecting to correct value itself. They will take the credit if it does, and if not they have hundreds of excuses to tell you why it did not. Simple and time tested formula.

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

I guess now with the rupee going all the way down to 28 to a dollar we may even see the Deutsche bank predictions of it touching 70 come true ! The best option or the government is to resign and call for elections since they are inacapable in every single respect.PC is best taking cases in supreme court charging a whopping 4 lakh rupees per appearance instead of making a mess of the nation and our PM and high command, lesser said the better ..

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

I guess now with the rupee going all the way down to 28 to a dollar we may even see the Deutsche bank predictions of it touching 70 come true ! The best option or the government is to resign and call for elections since they are inacapable in every single respect.PC is best taking cases in supreme court charging a whopping 4 lakh rupees per appearance instead of making a mess of the nation and our PM and high command, lesser said the better ..

Rupee at 68+ , keeping on setting new records almost everyday like Sergei Bubka!! And great finance minister is all smiles - may be he can't cry!!! Cry my countrymen, Cry!!!

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

I guess now with the rupee going all the way down to 28 to a dollar we may even see the Deutsche bank predictions of it touching 70 come true ! The best option or the government is to resign and call for elections since they are inacapable in every single respect.PC is best taking cases in supreme court charging a whopping 4 lakh rupees per appearance instead of making a mess of the nation and our PM and high command, lesser said the better ..

Rupee at 68+ , keeping on setting new records almost everyday like Sergei Bubka!! And great finance minister is all smiles - may be he can't cry!!! Cry my countrymen, Cry!!!

Chidambaram issued a statement suggesting Rupee is falling due to bad decisions taken in between 2009-2011. By the way who was looking after Finance then, our current President. What a shame FM sir.

I have a feeling that the present government is unable or incapable of handling the situation and so for once even big mouths like Digvijay Singh , Renuka Chaudhuri and Manish Tiwari have kept their mouth shut instead of defending their party and their government !

They can't because they are not made like that.. thery skin is totally hard and painless. lets hope someone come forward with solution...

I guess now with the rupee going all the way down to 28 to a dollar we may even see the Deutsche bank predictions of it touching 70 come true ! The best option or the government is to resign and call for elections since they are inacapable in every single respect.PC is best taking cases in supreme court charging a whopping 4 lakh rupees per appearance instead of making a mess of the nation and our PM and high command, lesser said the better ..

Rupee at 68+ , keeping on setting new records almost everyday like Sergei Bubka!! And great finance minister is all smiles - may be he can't cry!!! Cry my countrymen, Cry!!!

Chidambaram issued a statement suggesting Rupee is falling due to bad decisions taken in between 2009-2011. By the way who was looking after Finance then, our current President. What a shame FM sir.

@Sunil

However ludicrous his action might sound but it has let the people of India that the gentleman sitting atop us as President of India was promoted so for his great disservice to the nation as FM!!!