what happen if 1 INR = 1 USD

I will wate for that day I have soem back balance in INR Will buy soem Good website lol .. nice dream

 

I would pass out if that happened.

 

That is unlikely to happen in the near future and when it happens, I will sell all my sites

 

that would be really funny.. India and america will both be rich

 

If that happens then I'm gonna burn 5.5 Million USD so that the value of USD goes up and print off 5.5 million INR so the value of INR drops and your money will be worthless mwahahah. j/k

Actually I'd probably do nothing.

 

5.5 mn wont have any effect until you talk in billions

 

All Indian software companies would lose their business and go bankrupt.

 

Oops damn that means I lost 5.5 million oh well flee to Canada now!

 

You guys need to give a break with this India obsession. You guys are very nice and everything no doubt, i mean it, but quite contrary to your intention, you are gaining a massive antipathy for throwing India into everything as a supreme being. There are almost more how many indians on DP thread than AdSense policy threads.

 

its not difficult but not easy to see within this century

 

what he said

 

To tell u frankly it doesnt become worst news why because the prices of the proucts also go down.... its economics lol...

 

That hardly matters whether 1INR=1USD or not, what matters is that even 1INR should have value in India similar to 1USD in US. In US 1USD still holds some value but in India 1INR don't have any any value, even you can not buy one quality sweet for a child in 1INR.

If INR reaches to the same value that it was there 50 years ago then there will be no need to compare INR with USD. My granny used to tell me that in her young age she used to buy bucket full of vegetables and fruits in 1INR. But this situation changes in 1992 after globalization took place in India. And now you can also feel the bad effect of globalization on Indian Stock market.

So what more important is the value of money rather then comparing it with currencies of other countries. If we start using USD in India but its value is same as 1INR then no fun changing the currency of our country.

Thanks

 

i would make a good market place in US web also and start my business from there to other countries......
bt at this time it is not possible as we are not earning bt loosing......!

 

This is highly unlikely, government keeps its close eye on currency fluctuations.

BTW, if this happens, i will pack my bags from here

 

Exactly

Our Currency has devalued over the past decade by more percentage

before 10-15 years it was very hard to get Rs 1,00,000 without any security but now it's not like that..

 

not 100% currect dude. In currency value means purchasing power. i mean to say if 1 INR get 1 USD purchasing power

 

Before anything like that happens, I will definitely exchange all my money to INR, what to do with it is to be decided

 

If this happens, that would indicate our Reserve Bank wants Indians to stop exporting anything, coz then, our exports would be so expensive that no one would want them. On the other hand, we would be able to import stuff from all over the world, if the world accepts our paper notes in exchange for real goods.

 

Great dude,i m agree wid u...i m also expecting same....and surely once india wil b king in financial field..