Awesome
RETIRED MOD
- Joined
- Mar 24, 2006
- Messages
- 22,023
- Reaction score
- 5
It was a stupid move - criminal even.
This issue will cost them the elections.
India Rupee posted its biggest percentage fall in 18 years as everyone's confidence was shaken on the announcement of this move.
A lot of NRIs have gone from rich to medium class overnight, they had been banking on the Rupee to return to the 2009 levels and had been pumping in Forex to India in hopes they'd come out richer have actually lost as much as the INR has.
I think NRIs are the only ones trying to save the Indian economy. From Dubai there is an influx of vacations being taken to India, people are buying more and more Indian products, but when they see such practices being done back in India how long will they throw their hard earned money for patriotism?
This issue will cost them the elections.
India Rupee posted its biggest percentage fall in 18 years as everyone's confidence was shaken on the announcement of this move.
A lot of NRIs have gone from rich to medium class overnight, they had been banking on the Rupee to return to the 2009 levels and had been pumping in Forex to India in hopes they'd come out richer have actually lost as much as the INR has.
I think NRIs are the only ones trying to save the Indian economy. From Dubai there is an influx of vacations being taken to India, people are buying more and more Indian products, but when they see such practices being done back in India how long will they throw their hard earned money for patriotism?