The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
20 Replies
The affect will succeed if govt. cooperates. Ultimately what we need is not just monetary reform but also discouragement to imports and encouragement to exports.
True Current account balance can be strengthened by increasing exports. After all a country's economic health depends on Current account balance. RBI and the government should work in tandem to make the good efforts of the RBI a success.
I am not really that good at economics and the related things, but I am sure that guy is there for something serious. The fact that rupee came up to slightly more than 65 and the sensex zooming past 19000 points was something of a story in itself.
Raghuram is a no- nonsense man and he means business. Be ready for some more action from this man.
I am not really that good at economics and the related things, but I am sure that guy is there for something serious. The fact that rupee came up to slightly more than 65 and the sensex zooming past 19000 points was something of a story in itself.
Actually you do not need to know economics deeply. All that we need to know is: Imports need foreign currency- meaning dollar. Exports mean- we get foreign currency (dollar). Less import means that we need less dollars to pay. More export means- we get more dollars.
Hence reducing imports and encouraging export is unavoidable. This will make our balance of trade favorable. Swadeshi movement gets a place of honor in these circumstances. we should use things made in our own country in present circumstances.
I am not really that good at economics and the related things, but I am sure that guy is there for something serious. The fact that rupee came up to slightly more than 65 and the sensex zooming past 19000 points was something of a story in itself.
Actually you do not need to know economics deeply. All that we need to know is: Imports need foreign currency- meaning dollar. Exports mean- we get foreign currency (dollar). Less import means that we need less dollars to pay. More export means- we get more dollars.
Hence reducing imports and encouraging export is unavoidable. This will make our balance of trade favorable. Swadeshi movement gets a place of honor in these circumstances. we should use things made in our own country in present circumstances.
Yes. That's a good explanation of things. I believe even a layman can understand this. But when I wrote that answer a while back, I had something different going on in my head, which I am not being able to recollect now. :huh:
The affect will succeed if govt. cooperates. Ultimately what we need is not just monetary reform but also discouragement to imports and encouragement to exports.
You are right sir cooperation of government is must to success. But this government is least interested in strength of economy. Government is interested in strengthing vote bank.
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
That's the point! If India looks to the Governor of RBI for a cure or a panacea to all her myriad problems, it's a frightening thought!! Why don't we make him the PM then??? :S :S :S
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
That's the point! If India looks to the Governor of RBI for a cure or a panacea to all her myriad problems, it's a frightening thought!! Why don't we make him the PM then??? :S :S :S
We did that and the result is everyone to see, Manmohan was okay as governor of RBI but as a PM a big question mark??????
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
That's the point! If India looks to the Governor of RBI for a cure or a panacea to all her myriad problems, it's a frightening thought!! Why don't we make him the PM then??? :S :S :S
We did that and the result is everyone to see, Manmohan was okay as governor of RBI but as a PM a big question mark??????
Irrespective of the status and position. A person, with a strong will and conviction can do a lot. Vinoba Bhave or Baba Amte could do a lot to the society without holding any position. If Manmohan is scared that he cannot take his mission forward, let him come out of the system and do what he wants to do. The real problem is not inefficiency but the strong desire to stick to the chair.
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
If what you say is to be believed, then I fear he might just be a nine day's wonder. Because there are many examples of honest people who couldn't work honestly in the system.
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
If what you say is to be believed, then I fear he might just be a nine day's wonder. Because there are many examples of honest people who couldn't work honestly in the system.
No fears. Raghuram is a man with substance.
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.
http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms
It is of course too early to say, let us keep our fingers crossed ! He will of course do the best he can but given the fact that he has to work under a corrupt regime in itself is a dampener to anyone..
That's the point! If India looks to the Governor of RBI for a cure or a panacea to all her myriad problems, it's a frightening thought!! Why don't we make him the PM then??? :S :S :S
Just now the feeling is that anyone is better than the present lot ! Today or rather yesterday our esteemed PM has again opened his mouth the parrot the same lines ' I will be very happy to work under the leadership of Rahul Gandhi ' looks like he has been completely brian washed by Madame to the exetent he doesnt care about the pathetcic figure he cuts in front of the nation!
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
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rambabu
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Created
Friday, 06 September 2013 23:29
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Tuesday, 30 November -0001 00:00
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