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
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?
Today rate of rupees vs dollar i around 55.69 rs = 1 Dollar........
It has been fluctuating a lot, earlier it used to be a few paise up and down , but now the change is in rupees..In fact, forex market itself has not steadied down ...
The foreign investors are withdrawing from stock market. This is making rupee weak.
The proper remedy is to reduce our petroleum products consumption and thereby reduce imports. We have to conserve foreign exchange by discouraging imports and encouraging exports. It needs austerity in travel, vehicle movement, reduction of personal vehicles, encouraging public transport etc.
Today rate of rupees vs dollar i around 55.69 rs = 1 Dollar........
It has been fluctuating a lot, earlier it used to be a few paise up and down , but now the change is in rupees..In fact, forex market itself has not steadied down ...
The foreign investors are withdrawing from stock market. This is making rupee weak.
The proper remedy is to reduce our petroleum products consumption and thereby reduce imports. We have to conserve foreign exchange by discouraging imports and encouraging exports. It needs austerity in travel, vehicle movement, reduction of personal vehicles, encouraging public transport etc.
What you say is right, since more than 70% of crude oil is imported and we have to pay more , a weak rupee can have a negative impact on our economy ...
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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