India's Rupee: Asia's Worst-Performing Currency

[Hafizzz]

India's Rupee: Asia's Worst-Performing Currency
India's Rupee: Asia's Worst-Performing Currency - WSJ.com

NEW DELHI—The Indian rupee, already the year's worst-performing Asian currency against the dollar, continues to sink, weighed down by growing pessimism about the Indian economy.

Domestic growth has slowed in recent months to worrisome levels, and a weaker rupee will make the country's already rising bill for imports even steeper. Despite several interest-rate increases by India's central bank, inflation has remained high, at around 10%. Skittish foreign investors have bought just a net $800 million of Indian stocks so far this year, a tiny fraction of the record $29 billion invested for all of 2010.

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[Kazhugu]

bright side --- good for exports.....

 

[IndoCarib]

RBIs repeated repo rate hike has taken toll not only on growth, but also on the currency. This depreciation of Rupee may continue till april 2012 as Pranab Mukherjee said.

RBI monitoring depreciating rupee: Pranab MukherjeeNagaland Post : Business News

On the flipside, this is good news for exporters and NRIs like me

 

[Hafizzz]

bright side --- good for exports.....

It is called MANIPULATING the currency !!!

 

[JAT BALWAN]

It is called MANIPULATING the currency !!!

OK now do some thing to please your former master ...

 

[IndoCarib]

It is called MANIPULATING the currency !!!

HAHAHA. You dont know a thing about currency depreciation. Please try to hide ignorance. Currency manipulation is what China does to increase trade deficit. They are doing it deliberately.

 

[Hafizzz]

HAHAHA. You dont know a thing about currency depreciation. Please try to hide ignorance. Currency manipulationg is what China does to increase trade deficit. They are doing it deliberately.

What China and other countries are doing is called "Peg" not currency "manipulating".

 

[luckyyy]

india is smart..

in 90's when india need to import technology , machines and tools the rupee was trading at 32rs/$ , to facilitate cheaper import..

now in 2011 , when indian export rising rupee mde to trade at 52rs/$ , that also a discuragement for importers..

india finacial experts are realy smart..

 

[Hafizzz]

india is smart..

in 90's when india need to import technology , machines and tools the rupee was trading at 32rs/$ , to facilitate cheaper import..

now in 2011 , when indian export rising rupee mde to trade at 52rs/$ , that also a discuragement for importers..

india finacial experts are realy smart..

India is the SMARTEST Currency Manipulator !!!

 

[RafaleTyphoon]

india is smart..

in 90's when india need to import technology , machines and tools the rupee was trading at 32rs/$ , to facilitate cheaper import..

now in 2011 , when indian export rising rupee mde to trade at 52rs/$ , that also a discuragement for importers..

india finacial experts are realy smart..

par fiscal deficit ka kya hoga.. ??

 

[Kazhugu]

It is called MANIPULATING the currency !!!

whatever..its good for exports...deal with it...

 

[luckyyy]

India is the SMARTEST Currency Manipulator !!!

it not about Currency Manipulation but market force behaviour ..
with the rupee depriciating and RBI keep giving statement that they will not intervine , give more encuragements to short seller to sell more..

just a pure market behaviour that RBI is well aware....that's it..

 

[Nelson]

So you didn't change the title this time? Looks like the original title satisfied you this time!

 

[Hafizzz]

whatever..its good for exports...deal with it...

Nothing wrong with India MANIPULATING her currency but it ticks off people when Indians deny that their country is doing it and yet they point fingers to other countries such as China for manipulating her currency when India herself is doing it.

 

[khalidwaleed]

itz like having a surprise salary hike , for NRIs like me.