Another big fall in Xchange Rate

Discussion in 'Payment Processing' started by deluxdon, Oct 4, 2007.

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  1. #1
    Just checked with xoom for current exchange rate and there is another big fall in Xchange rate :eek:

    Current Exchange Rate:
    US$ 1.00 = INR 38.2717

    Good for indian economy :) But at the same time bad for webmasters :rolleyes:
     
    deluxdon, Oct 4, 2007 IP
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  2. mann3r

    mann3r Peon

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    #2
    just few days, US$ versus canadian $ also fluctuates
     
    mann3r, Oct 4, 2007 IP
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  3. Indian_Webmaster

    Indian_Webmaster Banned

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    #3
    Yes Rs is getting more and more stronger. Very bad news for Indian Webmasters..

    I am about to withdraw my 600$ but I think this is not the good time. Any chance to get lifted this rate?? Please suggest me...
     
    Indian_Webmaster, Oct 4, 2007 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #4
    If it continue falling like this then touch 38 very soon :( How much currently paypal offer Xchange Rate for this ?
     
    deluxdon, Oct 4, 2007 IP
  5. ScottDaMan

    ScottDaMan Peon

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    #5
    Not good for out of country designers and coders looking for American work.

    Pretty soon, it will be cheaper to hire developers in the US!
     
    ScottDaMan, Oct 4, 2007 IP
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  6. gult

    gult Peon

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    #6


    Actually it's the USD getting weaker, not the Rupee getting stronger. 1GBP = $1.67 a few months ago. Now it's 1 GBP = $2. But still 1 GBP = 81 Rs.
     
    gult, Oct 4, 2007 IP
  7. gadgetguru

    gadgetguru Banned

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    #7
    no man.......its still...........1$=39.35 Rs........
    jst chkd..........
     
    gadgetguru, Oct 4, 2007 IP
  8. arpitagarwal82

    arpitagarwal82 Notable Member

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    #8
    Just confirmed with Xoom.
    Exchange Rate: US$ 1.00 = Rs. 38.2717:mad:

    Its good that Indian economy is getting stronger. But for all of us, its a big time trouble.
    I think its time to increase the rates of our services.
     
    arpitagarwal82, Oct 5, 2007 IP
  9. khasmoth

    khasmoth Well-Known Member

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    #9
    I can feel your pain buddy. We're experiencing something like these as well. Goodluck to us! :D
     
    khasmoth, Oct 5, 2007 IP
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  10. ashish1116

    ashish1116 Peon

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    #10
    Yes Indian currency is going stronger then ever. Its due to the huge FII money being pumped into India. They sell their dollars and buy rupees to invest here. Therefore rupees starts gaining upward and vice versa. My dear friend not only you but all of the IT industry in India facing the same problem.
     
    ashish1116, Oct 5, 2007 IP
  11. ShReYaS

    ShReYaS Peon

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    #11
    OOOOOOOOh!!! Its really sad... I had saved from a long time so that I can get cash in one time... But I'll wait for some time now...
     
    ShReYaS, Oct 5, 2007 IP
  12. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #12
    I suggest you to transfer now if you need it because there is no big change you'll see in near future IMO :D
     
    deluxdon, Oct 5, 2007 IP
  13. forumrating

    forumrating Notable Member

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    #13
    might go till 30 bucks in a year
     
    forumrating, Oct 5, 2007 IP
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  14. sachin410

    sachin410 Illustrious Member

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    #14
    I agree. The inflows are too strong. Investors in US want to switch to non-dollar assets. India is leading choice of such investors.

    More than $4 billion have come into Indian stocks after the US rate cut. The total inflows should be much more.

    The INR made a new high of 39.2 yesterday. (I am talking about the actual rate - not the Paypal rate).

    It makes no sense to wait for a better rate. Convert to INR as soon as possible.
     
    sachin410, Oct 5, 2007 IP
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  15. forumrating

    forumrating Notable Member

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    #15
    and more funds are flowing in, since big company stocks are hitting ipo's
     
    forumrating, Oct 7, 2007 IP