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
20 Replies
Good new for people who earn in Dollar. Even for people who are trading in forex. Perfect scenario for companies such as TCS and Wipro. They will make most of it.
Thats very true :) , your returns are more....Forex traders have been caught by surprise and many must have lost out because of the one way movement ...
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
Thats true, but does a falling rupee make any difference to foreign investors since they will be paying in foreign currency and the shares are valued in foreign currency for outside investors...
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
Thats true, but does a falling rupee make any difference to foreign investors since they will be paying in foreign currency and the shares are valued in foreign currency for outside investors...
It's good for foreign investors but the Indian economy reflects in bad light, which could keep investors away. However the effect of federal reserve would die down soon to bring Rupee back to around 54 in a week or so.
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
Thats true, but does a falling rupee make any difference to foreign investors since they will be paying in foreign currency and the shares are valued in foreign currency for outside investors...
It's good for foreign investors but the Indian economy reflects in bad light, which could keep investors away. However the effect of federal reserve would die down soon to bring Rupee back to around 54 in a week or so.
True. No foreign investor likes to invest in a country where economy fluctuates at the drop of a hat. Volatile economy is the last thing a foreign investor prefers.
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
It may be improved in coming days. It is prediction of whether man that mansoon in India will remain normal. Mansoon is base of Indian economy.
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
It may be improved in coming days. It is prediction of whether man that mansoon in India will remain normal. Mansoon is base of Indian economy.
Yes that is true to a certain extent since we deend on monsoon rains for power and of course without water resources the economy esp the agricultal side of it cannot thrive..
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
It may be improved in coming days. It is prediction of whether man that mansoon in India will remain normal. Mansoon is base of Indian economy.
Yes that is true to a certain extent since we deend on monsoon rains for power and of course without water resources the economy esp the agricultal side of it cannot thrive..
We abused nature and seeing the outcome. A country with depleted natural resources will have a turbulent economy followed by other imminent evils.
Rupee decline happens when there is a decline in agricultural and industrial growth. It fuels inflation. Foreign investors may start fleeing Indian markets.
It may be improved in coming days. It is prediction of whether man that mansoon in India will remain normal. Mansoon is base of Indian economy.
Yes that is true to a certain extent since we deend on monsoon rains for power and of course without water resources the economy esp the agricultal side of it cannot thrive..
We abused nature and seeing the outcome. A country with depleted natural resources will have a turbulent economy followed by other imminent evils.
Distribution of water source are not equal here. Some parts of country are facing drought and some are floods. Second thing here water is property of state so they used it as they like.
Latest news says that rupee has gone down to a 11 month low.. Strengthening dollar, rising oil and gold imports are but a few reasons for the continuous decline of the rupee.
It is trend once $ reach at maximum rate it will starts decline. Wait for two month rupee will improve.
The growth rate under UPA has been the worst ever and that itself will drive the value of rupee down, also we are having so many scams and other unsettling news throughout the country, added to which is the coming general election which seems like a hopeless scenario with none of the parties really looking strong..
it's making my wallet fee bad as more money is going out to purchase fewer dollars but a good news is that Australian $ is also going down.
Good for you Suny and wish when you come in India rupee goes to its better position. :woohoo:
i hope it goes better when I en-cash my dollars, not before that. :laugh: :laugh:
it's making my wallet fee bad as more money is going out to purchase fewer dollars but a good news is that Australian $ is also going down.
Good for you Suny and wish when you come in India rupee goes to its better position. :woohoo:
i hope it goes better when I en-cash my dollars, not before that. :laugh: :laugh:
hehehe... :woohoo: :woohoo:
Oh I forgot now you are earning in dollors. :woohoo:
Latest news says that rupee has gone down to a 11 month low.. Strengthening dollar, rising oil and gold imports are but a few reasons for the continuous decline of the rupee.
It is trend once $ reach at maximum rate it will starts decline. Wait for two month rupee will improve.
The growth rate under UPA has been the worst ever and that itself will drive the value of rupee down, also we are having so many scams and other unsettling news throughout the country, added to which is the coming general election which seems like a hopeless scenario with none of the parties really looking strong..
scams is also cause of undergrowth, another reason for it is government is distributing public fund for their politics interest. MAHANAREGA and some other plan are its examples. Public are getting money without doing any work.
Topic Author
U
usha manohar
@kiran8
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Created
Tuesday, 04 June 2013 17:42
Last Updated
Tuesday, 30 November -0001 00:00
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