The rupee yet again fell against the dollar today, falling to as low as 55.07 to the dollar, tracking a weak euro ahead of the European Central Bank policy meeting.
According to some traders there was a major dollar demand from a large state-run bank as well, though no details for the demand were available..
http://profit.ndtv.com/News/Article/rupee-falls-1-at-55-07-to-us-dollar-307367?pfrom=home-otherstories
20 Replies
I think the rupee fall will improve the economy of our country.
How? In what way ? what about imports and exports? we have to pay more everywhere..
True!! Bad decisions are also helping us in getting more deficits. Not sure if its related, but the decision to take back all those officials who caused Air India to lose more than 600 crores is an example of such poor policies!!
In an economy I guess all financial issues get related in some way or the other especially at governmental levels. We are supposed to have the worlds best economists in our country but I doubt if they are being heard :huh:
I think the rupee fall will improve the economy of our country.
How? In what way ? what about imports and exports? we have to pay more everywhere..
True!! Bad decisions are also helping us in getting more deficits. Not sure if its related, but the decision to take back all those officials who caused Air India to lose more than 600 crores is an example of such poor policies!!
In an economy I guess all financial issues get related in some way or the other especially at governmental levels. We are supposed to have the worlds best economists in our country but I doubt if they are being heard :huh:
Probably, they are not making any efforts to be heard! At least the so-very -mellow and soft approach of Manmohan Singh on crucial issues suggests so.
I think the rupee fall will improve the economy of our country.
How? In what way ? what about imports and exports? we have to pay more everywhere..
Actually i read it little wrong.
Yes, if rupee will fall, price of products will increase.
Sorry.
Yes I too wondered :) With the rupee becoming weak, it hits us in every way !
Ha this is really a had news for me as it is going to weak I cannot buy gold.
I think Gold prices have come down in the past week, so may be you can buy gold , since it is one of the best investment options.It has shot up 1000% in the past decade...
The gold Price is on peak, but as this price will not come down and its better to buy gold in this price as well.
But for buying in this rate too we need to have good amount with us.
Ha this is really a had news for me as it is going to weak I cannot buy gold.
I think Gold prices have come down in the past week, so may be you can buy gold , since it is one of the best investment options.It has shot up 1000% in the past decade...
The gold Price is on peak, but as this price will not come down and its better to buy gold in this price as well.
But for buying in this rate too we need to have good amount with us.
Yes gold price is rising like anything its better to invest some money on it. :)
But it should be long term investment.. I mean day trader can have lots of lose.
I bought 2 coins of 50gms each in 2008 at 8800/10gm from now they are almost 4times in 4 years, so if you can invest for long term go for it. This will be soon 35k, better go for e purchase.
Oh that's great Suny you did a wise thing as now a days investing in gold is better than anything. :)
But it should be long term investment.. I mean day trader can have lots of lose.
I bought 2 coins of 50gms each in 2008 at 8800/10gm now they are almost 4times in 4 years, so if you can invest for long term go for it. This will be soon 35k, better go for e purchase.
Oh that's great Suny you did a wise thing as now a days investing in gold is better than anything. :)
Yes this is still time to purchase but only paper gold/bank gold bonds.
But it should be long term investment.. I mean day trader can have lots of lose.
I bought 2 coins of 50gms each in 2008 at 8800/10gm now they are almost 4times in 4 years, so if you can invest for long term go for it. This will be soon 35k, better go for e purchase.
Oh that's great Suny you did a wise thing as now a days investing in gold is better than anything. :)
Yes this is still time to purchase but only paper gold/bank gold bonds.
What is paper gold?
Topic Author
U
usha manohar
@kiran8
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Created
Thursday, 05 July 2012 17:10
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Tuesday, 30 November -0001 00:00
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