Indian Rupee Not Far From All-Time Low.

[AZADPAKISTAN2009]

The rupee today edged higher to 68.34 against the US dollar, but is not very far from its all-time low of 68.87, recorded in November 2016. On Wednesday, the rupee had closed at an 18-month low 68.42 against the US dollar amid capital outflows and concerns over macro-economic conditions. A rising dollar and a surge in global crude prices have also weighed on the rupee. The rupee is down over 6 per cent against the US dollar so far this year. Forex advisory firm IFA Global says that the possibility of rupee heading towards 70 per dollar is increasing. There is a still room for further depreciation from current levels, it adds.

 

[AZADPAKISTAN2009]

Panic Sale Levels nearing

Panic selling refers to wide-scale selling of an investment, causing a sharp decline in price. In most instances of panic selling, investors just want to get out of the investment, with little regard for the price at which they sell.

 

[TheBlackCoat]

The rupee today edged higher to 68.34 against the US dollar, but is not very far from its all-time low of 68.87, recorded in November 2016. On Wednesday, the rupee had closed at an 18-month low 68.42 against the US dollar amid capital outflows and concerns over macro-economic conditions. A rising dollar and a surge in global crude prices have also weighed on the rupee. The rupee is down over 6 per cent against the US dollar so far this year. Forex advisory firm IFA Global says that the possibility of rupee heading towards 70 per dollar is increasing. There is a still room for further depreciation from current levels, it adds.

China and India manipulate their currencies to steal jobs from the US.

 

[AZADPAKISTAN2009]

 

[Chinese-Dragon]

China and India manipulate their currencies to steal jobs from the US.

So how come over the past year, the Yuan has risen against the Dollar while the Indian Rupee has fallen against the Dollar?

If they are both manipulating their currencies to steal US jobs, then how come they are going in opposite directions?

 

[AZADPAKISTAN2009]

https://www.bloomberg.com/news/arti...l-is-eating-into-modi-s-budget-ahead-of-polls


India’s Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $80 barrier.

Modi’s government made the most of cheap oil by substituting any fall in prices with taxes that kept retail fuel rates unchanged for consumers and boosted the federal revenue. Now, pressure is mounting to forego some of that windfall as pump prices of gasoline and diesel hit records, likely marring the ruling party’s prospects at the national ballot in 2019.

 

[TheBlackCoat]

So how come over the past year, the Yuan has risen against the Dollar while the Indian Rupee has fallen against the Dollar?

If they are both manipulating their currencies to steal US jobs, then how come they are going in opposite directions?

President Trump has not yet taken strong stand against India like he did with China. Once China has been dealt with, it would be India's turn.

 

[nang2]

China and India manipulate their currencies to steal jobs from the US.

They are not stealing jobs from US. They are bribing US to keep some jobs to themselves. US government does more than anyone else in depriving US citizens off their jobs, thanks to ubiquitous regulations and licensing requirements.

 

[AZADPAKISTAN2009]

We need to remit some Nawaz Sharif money from Pakistan to India to help out

 

[somebozo]

Much of India economic boom was based on export of cheap services..which is not sustainable..India has huge population..it has to grow its internal economy and reduce external dependence..promote more foreign investment and make in India initiative.

 

[TheBlackCoat]

They are not stealing jobs from US. They are bribing US to keep some jobs to themselves. US government does more than anyone else in depriving US citizens off their jobs, thanks to ubiquitous regulations and licensing requirements.

Of course India and China are stealing US jobs by depreciating their currencies and making their labor more competitive. President Trump is changing this by forcing China and India to appreciate their currencies which would result in jobs coming back to the US. President Trump is making the US great again.

 

[AZADPAKISTAN2009]

Well since Trump raised the requirement for Salary for Foreign hire , then Companies will just hire local workers

May be India should give up Kashmir and just do a Trade agreement with Pakistan

Smart thing to do give Up Kashmir

 

[GumNaam]

We need to remit some Nawaz Sharif money from Pakistan to India to help out

no, just remit nawaz sharif to india...we'll keep his money since it wasn't his to begin with. in fact, let's remit nawaz sharif to india using a catapult at the wagah border!

Of course India and China are stealing US jobs by depreciating their currencies and making their labor more competitive. President Trump is changing this by forcing China and India to appreciate their currencies which would result in jobs coming back to the US. President Trump is making the US great again.

your h1, green card or u.s. citizen? There's a reason I asked, will tell the reason after you answer.

 

[AZADPAKISTAN2009]

STILL TRADING IN DOLLAR?​

 

[TheBlackCoat]

your h1, green card or u.s. citizen? There's a reason I asked, will tell the reason after you answer.

I voted for Trump and will vote again for him. Does it help? God bless America and God bless President Trump.