Indian friends, are you worried about falling of US$ as compared with Indian Rupee?

Discussion in 'General Business' started by aptillu, May 1, 2007.

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  1. aptillu

    aptillu Well-Known Member

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    #41
    Yes actually tht is nice Loic.I'd do that too.
     
    aptillu, May 11, 2007 IP
  2. sachin410

    sachin410 Illustrious Member

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    #42
    It is very unlikely that INR would fall back to Rs 45/$ level. IMO 42-42.5 is the max that it can go.
     
    sachin410, May 11, 2007 IP
  3. aptillu

    aptillu Well-Known Member

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    #43
    Still it will be 600 INR. No bank gives you so much interest.
     
    aptillu, May 11, 2007 IP
  4. sachin410

    sachin410 Illustrious Member

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    #44
    Yes but there is also a risk involved...what of dollar weakens further from here?.

    Bank deposits are risk free :p .
     
    sachin410, May 11, 2007 IP
  5. viratshah

    viratshah Peon

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    #45
    GUYS...
    you should be happy the rate of the US$ is falling...
    it means the value of INR is increasing...
    Means, india is getting its way into developed countries slowly and steadily...
    cheers!!!
     
    viratshah, May 11, 2007 IP
  6. -Abhishek-

    -Abhishek- Regaining my Momentum!

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    #46
    Viratshah, let me quote my post!

    Exporters are bound to cry owing to this! The reason ? We depend on foreign currencies!

    Abhishek
     
    -Abhishek-, May 11, 2007 IP
  7. dougadam

    dougadam Active Member

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    #47
    40.75 as of May 9th 2007
     
    dougadam, May 12, 2007 IP
  8. rush123456

    rush123456 Active Member

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    #48
    Hi Mates,

    Its a very sad news for INDIANS about the rates.
    Recently in paypal i have seen $=39.
    Its a bad news that it will be decreasing more and more.
    The reason for this is the countries growing economy and the captalistic market.
    We may feel bad for our self's but have to proud of the nation that economy is just hiking up and up..
     
    rush123456, May 12, 2007 IP
  9. aptillu

    aptillu Well-Known Member

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    #49
    I feel that growing price of INR doesn't ONLY mean that our economy is growing.This can be one reason but this is not the only reason.If you read other posts in this thread, we can see that $ is decreasing against all other currencies so this is perhaps also because of weakning of USA economy as one of the factors.
     
    aptillu, May 13, 2007 IP
  10. aptillu

    aptillu Well-Known Member

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    #50
    I just saw this old post of mine posted many months back and I suddenly realised how the situation has changed.The rupee is valuing almost 49 INRfor 1USD and I am sure all fellow Indian freelancers must be happy about this price.
     
    aptillu, Oct 20, 2008 IP
  11. newgenservices

    newgenservices Well-Known Member

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    #51
    Well it's going back to 40 or so again...
     
    newgenservices, Nov 11, 2008 IP
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