Real story of American Dollar v/s Indian Rupee

[Anurag Rathore]

An Advice to all who are worrying about fall of Indian Rupee

Throughout the country please stop using cars except for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is true. The value to dollar is given by petrol only.This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.

Americans understood that Petrol is equally valuable as Gold so they made Agreement with all the Middle East countries to sell petrol in Dollars only. That is why Americans print their Dollar as legal tender for debts. This mean if you don't like their American Dollar and go to their Governor and ask for repayment in form of Gold,as in India they won't give you Gold.

You observe Indian Rupee, " I promise to pay the bearer..." is clearly printed along with the signature of Reserve Bank Governor. This mean, if you don't like Indian Rupee and ask for repayment,Reserve Bank of India will pay you back an equal value of gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy comprehension I am explaining this)

Let us see an example. Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that liter petrol is one Dollar.
But Indians won't have dollars. They have Indian Rupees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal Reserve will give us dollars by taking Indian Rupees ( according to exchange rate ) , print Dollars on it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy petrol.

But there is a something wrong here. If you change your mind and want to give back the Dollars to America we can't demand them to pay Gold in return for the Dollars. They will say " Have we promised to return something back to you? Haven't you checked the Dollar ? We clearly printed on the Dollar that it is Debt"
So, Americans don't need any Gold with them to print Dollars.

But what will Americans give to the Middle East countries for selling petrol in Dollars only?

Middle East kings pay rent to America for protecting their kings and heirs. Similarly they are still paying back the Debt to America for constructing Roads and Buildings in their countries.

At present the problem of India is the result of buying those American Dollars. So if we reduce the consumption of petrol and cars, Dollar will come down

The Above Details have been provided originally in Telugu Language by Madhava Turumella and were translated to English by Radhika Gr. - See more at: Real story of American Dollar v/s Indian Rupee

 

[Sugarcane]

Sweet - So, If you don't use cars at all than INR will become stronger than US$

 

[Anurag Rathore]

At 2008 August month 1 US $ = INR Rs 39.40
At 2013 August now 1 $ = INR Rs 62

Do you think US Economy is booming? No, but Indian Economy is Going Down.

Our economy is in your hands.INDIAN economy is in a crisis. Our country like many other ASIAN countries, is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation. More than 30,000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages, etc. which are grown, produced and consumed here.

A cold drink that costs only 70 / 80 paise to produce, is sold for Rs.9 and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. We have nothing against Multinational companies, but to protect our own interest we request everybody to use INDIAN products only at least for the next two years. With the rise in petrol prices, if we do not do this, the Rupee will devalue further and we will end up paying much more for the same products in the near future.

What you can do about it?
Buy only products manufactured by WHOLLY INDIAN COMPANIES.Each individual should become a leader for this awareness. This is the only way to save our country from severe economic crisis. You don't need to give-up your lifestyle. You just need to choose an alternate product.

Daily products which are COLD DRINKS,BATHING SOAP ,TOOTH PASTE,TOOTH BRUSH ,SHAVING CREAM,BLADE, TALCUM POWDER ,MILK POWDER ,SHAMPOO , Food Items etc. all you need to do is buy Indian Goods and Make sure Indian rupee is not crossing outside India.

Every INDIAN product you buy makes a big difference. It saves INDIA. Let us take a firm decision today.

we are not anti-multinational. we are trying to save our nation. every day is a struggle for a real freedom. we achieved our independence after losing many lives.
they died painfully to ensure that we live peacefully. the current trend is very threatening.

multinationals call it globalization of indian economy. for indians like you and me, it is re-colonization of india. the colonist's left india then. but this time, they will make sure they don't make any mistakes.

russia, s.korea, mexico - the list is very long!! let us learn from their experience and from our history. let us do the duty of every true indian. finally, it's obvious that you can't give up all of the items mentioned above. so give up at least one item for the sake of our country!

 

[makelove_notwar]

OP, my friend, you are just telling us half of the story, in fact not even half.

If you go to the govt and exchange money for gold you will get gold according to the present value, "in rupees". What if the Rupee loses its credibility in the international market? That money will still be worthless. You need to get into the core of how everything works. Loads of problems in the Indian economy are solvable, but looks like this govt is trying to break all records of incompetence.

 

[oiltrader]

An Advice to all who are worrying about fall of Indian Rupee

Throughout the country please stop using cars except for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is true. The value to dollar is given by petrol only.This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.

Americans understood that Petrol is equally valuable as Gold so they made Agreement with all the Middle East countries to sell petrol in Dollars only. That is why Americans print their Dollar as legal tender for debts. This mean if you don't like their American Dollar and go to their Governor and ask for repayment in form of Gold,as in India they won't give you Gold.

You observe Indian Rupee, " I promise to pay the bearer..." is clearly printed along with the signature of Reserve Bank Governor. This mean, if you don't like Indian Rupee and ask for repayment,Reserve Bank of India will pay you back an equal value of gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy comprehension I am explaining this)

Let us see an example. Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that liter petrol is one Dollar.
But Indians won't have dollars. They have Indian Rupees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal Reserve will give us dollars by taking Indian Rupees ( according to exchange rate ) , print Dollars on it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy petrol.

But there is a something wrong here. If you change your mind and want to give back the Dollars to America we can't demand them to pay Gold in return for the Dollars. They will say " Have we promised to return something back to you? Haven't you checked the Dollar ? We clearly printed on the Dollar that it is Debt"
So, Americans don't need any Gold with them to print Dollars.

But what will Americans give to the Middle East countries for selling petrol in Dollars only?

Middle East kings pay rent to America for protecting their kings and heirs. Similarly they are still paying back the Debt to America for constructing Roads and Buildings in their countries.

At present the problem of India is the result of buying those American Dollars. So if we reduce the consumption of petrol and cars, Dollar will come down

The Above Details have been provided originally in Telugu Language by Madhava Turumella and were translated to English by Radhika Gr. - See more at: Real story of American Dollar v/s Indian Rupee

BS.The real story lies in the Interest rate swaps which federal reserve is using to manipulate the dollar.

At 2008 August month 1 US $ = INR Rs 39.40
At 2013 August now 1 $ = INR Rs 62

Do you think US Economy is booming? No, but Indian Economy is Going Down.

Our economy is in your hands.INDIAN economy is in a crisis. Our country like many other ASIAN countries, is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation. More than 30,000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages, etc. which are grown, produced and consumed here.

A cold drink that costs only 70 / 80 paise to produce, is sold for Rs.9 and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. We have nothing against Multinational companies, but to protect our own interest we request everybody to use INDIAN products only at least for the next two years. With the rise in petrol prices, if we do not do this, the Rupee will devalue further and we will end up paying much more for the same products in the near future.

What you can do about it?
Buy only products manufactured by WHOLLY INDIAN COMPANIES.Each individual should become a leader for this awareness. This is the only way to save our country from severe economic crisis. You don't need to give-up your lifestyle. You just need to choose an alternate product.

Daily products which are COLD DRINKS,BATHING SOAP ,TOOTH PASTE,TOOTH BRUSH ,SHAVING CREAM,BLADE, TALCUM POWDER ,MILK POWDER ,SHAMPOO , Food Items etc. all you need to do is buy Indian Goods and Make sure Indian rupee is not crossing outside India.

Every INDIAN product you buy makes a big difference. It saves INDIA. Let us take a firm decision today.

we are not anti-multinational. we are trying to save our nation. every day is a struggle for a real freedom. we achieved our independence after losing many lives.
they died painfully to ensure that we live peacefully. the current trend is very threatening.

multinationals call it globalization of indian economy. for indians like you and me, it is re-colonization of india. the colonist's left india then. but this time, they will make sure they don't make any mistakes.

russia, s.korea, mexico - the list is very long!! let us learn from their experience and from our history. let us do the duty of every true indian. finally, it's obvious that you can't give up all of the items mentioned above. so give up at least one item for the sake of our country!

ban multinationals. Corporates and their thuggery are the reason why Naxalites today have influence over 40% of india.

 

[by78]

Indian Rupee has crashed through 65. It's now trading at 65.305 against the dollar.


US Dollar / Indian Rupee FX Spot Rate - INR= - Stock Quotes

http://www.brisbanetimes.com.au/business/world-business/indias-richest-man-loses-6b-as-rupee-dives-20130822-2sdqs.html

India's richest man loses $6b as rupee dives

Mukesh Ambani, India’s richest man, is the biggest loser among the country’s billionaires as the rupee’s slump to record lows erased 24 per cent of his fortune.

The chairman of Reliance Industries, operator of the world’s biggest oil refinery complex, has lost $US5.6 billion ($6.2 billion) of his wealth since May 1, as the rupee’s plunge accelerated. The 56-year-old is still left with a net worth of $US17.5 billion, according to the Bloomberg Billionaires Index.

The Indian rupee is the worst-performing major currency in the world in the past month, coming under pressure as international investors sold emerging-market assets amid concern the US will pare its $US85 billion monthly stimulus.

The value of holdings by India’s billionaires are worth less in dollars as the rupee declined and foreign investors sold shares in large-cap companies, said Munesh Khanna, a senior partner at Grant Thornton LLP in Mumbai. ‘‘There is irrationality; the rupee is weak and will go down further,’’ Mr Khanna said.

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‘‘Foreign institutional investors are invested in the larger-cap companies and are pulling out money from India. That is putting a lot of pressure on those companies.’’

International investors have sold a net $US3 billion of Indian stocks since June 3, according to the nation’s Securities & Exchange Board.

The S&P BSE Sensex index declined 1.9 per cent to 17,905.91 yesterday, extending its four-day drop to 7.6 per cent, the most since July 2009.

The index was flat in late morning trade today, while the rupee extended its slide, touching an all-time low of 65.13 per US dollar.

Anil Ambani, the younger brother of Mukesh, has lost 17 per cent, or $US1.3 billion, of his net worth since May. Anil Ambani, 54, has a fortune of $US6.3 billion and is the country’s eighth-richest man.

The majority of his wealth is derived from stakes in publicly traded companies, including Reliance Communications, India’s third-largest mobile-phone company by market value.

Reliance Communications reported earlier this month first- quarter profit that missed analysts’ estimates after finance costs increased because of the rupee’s weakness against the US dollar.

‘‘Companies with large foreign-currency debt will feel the pressure and their valuations will come down,’’ Mr Khanna said.

Shares of Reliance Industries, Mukesh Ambani’s most valuable asset, declined about 15 per cent from its 2013 peak on July 19 through yesterday.

The Bloomberg Billionaires Index is a dynamic measure of the world’s wealthy based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day at 5.30pm in New York.

Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to US dollars at current exchange rates.

Bloomberg

 

[by78]

Live: Govt, RBI fail; rupee breaches 65, Sensex volatile - Firstpost

 

[indianpunjabi]

buy only indian product

 

[makelove_notwar]

buy only indian product

Bhai its not that simple, I wish it was though.

 

[Tshering22]

buy only indian product

How?

We barely have any manufacturing.

The government is severely incompetent.

I cannot imagine after all this how can some people continue to support its policies blindly.

 

[indianpunjabi]

How?

We barely have any manufacturing.

The government is severely incompetent.

I cannot imagine after all this how can some people continue to support its policies blindly.[/QUOTE
agree

 

[srshkmr]

Buy Indian Be Indian..

I made a tough decision to buy pulsar instead of R15 .. everything counts

 

[makelove_notwar]

How?

We barely have any manufacturing.

The government is severely incompetent.

I cannot imagine after all this how can some people continue to support its policies blindly.

That's true.
His comment is like saying use only "Indian Petrol".

 

[Srinivas]

People of India should buy only Indian products and there by aiding our economy. This way we will benefit and our economy will rise and prosper.

regarding petrol this is the only commodity which is not under our control and is USA's monopoly.

 

[asad71]

India Shares End Lower, Rupee Hits New Low - WSJ.com


1.I/Re going to hit the century sooner than later. Shows how hollow the Indian economy is from the inside. Blasts from the Indian media about the prowess of India's economy has its limit. Just Google and see India's economy compared to Pakistan's pre-65 and again pre-71. That's the real picture. It is quite possible the wars were initiated to ruin Pakistan's ascending economy.

2. Btw, B/Taka is now 75 to the Dollar. With these present crooks gone in a few months, we will harness smuggling and flight of capital. We will curtail graft. Our currency should then be stronger than India's.

India Shares End Lower, Rupee Hits New Low - WSJ.com