WTF? SHIT, the US dollar is climbing against the rupee again!

This isn't looking good for us! The US Dollar is at Rs. 41.36 against the Indian Rupee, WHAT THE FUCK... It was at 39, I thought it'd go down to Rs. 35 or something but this SUCKS, it shouldn't be let to climb up again!, seriously, trash our finance ministry.

I mean what the hell, we need to break the dollar down... and our ministry needs to do something about it. Cut the corruption in the exports and the USD would be under/at 35 in no time! And that doesn't even mean removing it all (the corruption that is). Have your say guys

 

Downgrade And Upgrade Is two Sides Of Market....You Should Be Relax And Not To Be Angry

Be Cool

Thanks

 

Unless you're buying American goods or making a trip to the U.S., why does it matter? You're not going to see a difference in the price of goods you buy, because I would imagine few of them are bought from the United States. A lower Rupee will mean a greater demand for Indian goods from the United States, which could mean more jobs for Indians.

 

I couldn't care less about jobs for the so called "Indians" in the United States in this situation dude.

You know, A few rupees up and down is a BIG setback for the Indian Industries etc.

It matters to me because I have a lot of money in INR and when I use it for importing purposes, it could rake in more stuff if the US Dollar is low against the Rupee.

IT

 

Well... the other side of the story, which I assume will be more popular in DP is that people will be happy. Most of the people here are exporting goods or services and get their money in US$. So we will be getting more Rs. for the same $.

The coin has two sides mate! Relax!

Regards,
~KMKM

 

The coin has two sides mate relax? What the hell dude?

The Indian Government and the One Billion Indian people apart from this non-noticable community solely rely on the Indian Rupee for whatever way their life leads them. A large amount of people in India are in the importing and exporting business.

If the Rupee is stronger:

- They could import more goods for less money in Rupees.
- They could export goods for more money in foreign currency.

BOTH sides of the coin only work if the Rupee gets stronger. People on this community I must say are ignorant and not loyal to their country and all they think about is themselves. They are like "OMG I'VE GOT 500 dolar if dolar goes down i get only 18k rupees noooo but if it go up i get more money so yay dolar i suport u"

Sick.

IT

 

Lol! That really cracked me up

Anyways, I had read an article in Outlook magazine, about the same issue. India needs foregin exchange, and it can only be possible when there are exporters/outsourcing co. .

Ermm... the country also gets dollars isnt it mate ? Foreign Exchange reserves increase!

Right now, there needs to be a fine line between INR and $ , around 40-41
If it gets lower, Rs. gets stronger but foreign investments in India retard. If it gets higher, Rs gets slashed, importers in loss.

So the fine line should be there. More info on in the Outlook magazine (will check for the Month)

Regards,
~KMKM

 

Hey I'm kind of loving this The Australia dollar now buy only $.78cents to the dollars while paying for adwords is going to suck. I getting paid today so it's almost like an extra 200$ for me SWEET

 

Speaking of this community brother, I'm not even half-sure the dollars we're earning are going to the foreign exchange reserves or not. (PayPal cheques are in INR)

IT

 

Yeah! But they are still counted as FE, because when you encash the check, the bank takes cash from where ? The PAYPAL Acct. which is in US$. It was explained some thread in DP, will post the link.

Regards,
~KMKM

 

You need to adjust your attitude.

sorry, but that is the honest openion I got after reading your post.

 

Wadever
It is good for us Webmaster isn't it ?

 

Yeah but don't you think that if the Rupee is stronger the Indians will benefit more because they'd get more stuff for their money while importing? They'd also get more USD from foreign countries as well. (Which means strengthening of Indian Government's Foreign Exchange Reserves MUCH more)

Stock_post, there is nothing wrong with my attitude.

IT

 

yes correctus, you are right on the importers point of view! but then if the Rs goes further below to 35 a $ then the export will suffer.
Anyways, today a saw a .62 rise Rs, and it is arround 42 now! time for some cash outs

 

Nope! Our FBR are increasing due to the amount of exports, even a little rise of RS against $, decreases the exports and thus decreasing FBR eventually.

Regards,
~KMKM