indian Rupee hits new low of 54.82 per dollar

[kawaraj]

India should peg the rupee to the RMB to maintain currency stability.

can you afford that? plus that's humiliating as Indians today are flyering the free economy theory.

but an Yuan arrangement for a precaution is highly need in case of current accout payment crisis, for the following 2 obvious reasons:
A. China is the largest trading partner of India.
B. Yuan is used more widely than ever. and China is the largest trading partners of many nations.

 

[Abhishek_]

No, the opposite way of how the RMB appreciates vs. the USD 30% while the INR is going down.

^pleading ignorance or you really believe RMB freely rose 30%?

 

[FairAndUnbiased]

^pleading ignorance or you really believe RMB freely rose 30%?

sorry, it didn't rise freely. the rise was strongly opposed and it rose anyways. it could've risen further if it was not to capital controls to prevent hot money inflows. India has the opposite problem.

 

[Kesang]

really ? i was unaware of it

link already provided by karan,

but why its banned topic i see noting wrong here?

ask this question to mods who banned this topic.

BTW. If you have so much desire to troll than why not you troll here http://www.defence.pk/forums/indian-defence/27787-indian-economy-news-updates.html.

 

[Abhishek_]

sorry, it didn't rise freely. the rise was strongly opposed and it rose anyways. it could've risen further if it was not to capital controls to prevent hot money inflows. India has the opposite problem.

the currency pegging works differently for RMB and INR. I'd let the RBI manage it rather than a cook in LA.

A weak INR is something some of us look forward to, to send more funds back home.

 

[Chinese-Dragon]

you mean how RMB pegs to USD to maintain stability?

the currency pegging works differently for RMB and INR.

This guy doesn't even know what currency pegging is.

It means a FIXED exchange rate. Which is obviously untrue, as the chart from the Economist showed.

The RMB has been steadily rising against the USD since 2005.

 

[FairAndUnbiased]

the currency pegging works differently for RMB and INR. I'd let the RBI manage it rather than a cook in LA.

A weak INR is something some of us look forward to, to send more funds back home.

... no comment...

 

[Juice]

Perfect time to push exports. Get the market while your goods are cheap, wait for rupee to rise.

 

[FairAndUnbiased]

Perfect time to push exports. Get the market while your goods are cheap, wait for rupee to rise.

that's not a good idea, because raw material and industrial component import prices will have risen, and India is a net importer of most industrial components and raw materials. That decreases marginal profit. Therefore, the only industries with a net benefit would be the industries with a supply chain largely contained within India. I only know that the Indian steel industry is largely contained, and rent from its operation of fiber optics cables. Everything else requires imports.

 

[Abhishek_]

This guy doesn't even know what currency pegging is.

It means a FIXED exchange rate. Which is obviously untrue, as the chart from the Economist showed.

The RMB has been steadily rising against the USD since 2005.

perhaps the transcript doesn't cover how exchange rates are managed (for INR & RMB)

 

[Chinese-Dragon]

perhaps the transcript doesn't cover how exchange rates are managed (for INR & RMB)

A managed exchange rate, is quite different from a fixed exchange rate (currency pegging).

I assume you know the meaning of the word "fixed"?

 

[Abhishek_]

A managed exchange rate, is quite different from a fixed exchange rate (currency pegging).

I assume you know the meaning of the word "fixed"?

and in your understanding which one is INR and RMB?

 

[Chinese-Dragon]

and in your understanding which one is INR and RMB?

Nice deflection. You claimed twice that the Chinese currency was "pegged" to the USD.

Currency pegging means a FIXED exchange rate, which is just plain wrong.

The RMB has been rising against the USD since at least 2005.

 

[Abhishek_]

Nice deflection. You claimed twice that the Chinese currency was "pegged" to the USD.

Currency pegging means a FIXED exchange rate, which is just plain wrong.

The RMB has been rising against the USD since at least 2005.

we can see who is deflecting the questions.

 

[Abhishek_]

This really deserves another LOL.

more deflections..does the transcript calls for it?