Rupee's free fall is Kerala's windfall

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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

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The fall in rupee benefits exporters and all those earning in foreign currency. They get more rupees for same foreign currency.
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.
Fall in currency value should not unduly perturb us as many countries in the world have depreciating currencies like China,Sweden etc!
Fall in currency value should not unduly perturb us as many countries in the world have depreciating currencies like China,Sweden etc!


China also? :dry: :dry: :dry:
Dear sandhya, such things happen every where. There is no special country where such things won't happen.
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!!!

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Sandhya Rani

@Sandhya Rani

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Created Wednesday, 20 June 2012 10:27
Last Updated Tuesday, 30 November -0001 00:00
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