this is the lowest price from quite a bit of time now 1 USD = 39.9250 INR this is live rate so incase if u order some money from xoom it would go more lower now.
I know that our dollar has fallen a bit in the last year but when it's still equal to 40 Indian rupees that's not bad...
the dollar has gone down a bit against the sterling in recent times as well and against other major currencies.
The dollar is down against almost every currency. The euro is going crazy, pound, canadian dollar... it's just a matter of time until the US dollar completely falls on its face unless major policies begin to change.
i hope it doesnt become $1= 35 :| its gonna effect little to our earnings everytime the dollar falls last time i made a withdrawl i got around 41rs price, i wonder now how much xoom would giv up for exchange.
This happens regularly.But I can't yet understand the reason of this ? If this is going down and down then most of the outsourcing firm will be shutdown within few years.
From tech analysis support for Dollar comes at INR 38 .. so expect it to fall further. A long term projection is of INR 25 or less per dollar if Reserve Bank continues to check inflation at the cost of IT industry. Cheers GS
Yeah, you bloody yanks better get your shit together! I hope they raise US interest rates soon, but then again, US peeps must be getting more international business and undercutting their international competitors, combined with low interest rates = good time to start an international export business in the US at the moment. I wonder if we'll all be using Yuan when China becomes the next super power.
The reason is capital inflows. We are getting a huge inflow of dollars into the country, for investments and as remittances. These dollars are used to buy the Indian Rupee from the RBI. Thus value of INR is continuously going up against the Dollar.
hahaha coming from canaduh, it is wierd how things are magically cheaper in the US compared to our once floundering loonie. look out euro here we come!
Converting the US$ to Euro is a monumental pain at the moment, I really hope the $ comes back up again, its just too low right now.
It is all connected to the banking problems stemming from the sub prime market. In the UK banks won't lend to banks. In the US a speculated fall in interest rates to stem a depression causing a lack in faith in dollar, maybe even trust.