Rupee hits 15-month low; crosses 67/$

[seesonic]

Do you know that RBI could devalue the rupee when needed? That is simple economics

The notion is that 1$ being at Rs. 60 means that the U.S. Economy is 60 times stronger or that the Indian economy is 60 times weaker. However, that is a hugely flawed concept. What is important is not that the equation should be balanced in terms of the rupee equaling dollar; what is crucial is that the currency should move upward consistently. In a developing nation such as India, it is essential that the productivity is kept high, so that consequently the inflation is kept under check. The net effect of this cycle will infuse strength in the Indian Rupee

What a truck load of horsesh1t.

India is a big on import. Devaluing its currency only makes the life of average Indian worst.

No wonder indians pride themselves for working overseas especially for a whitemen. Worthless currency. SP2012.

 

[Papa Dragon]

What a truck load of horsesh1t.

India is a big on import. Devaluing its currency only makes the life of average Indian worst.

No wonder indians pride themselves for working overseas especially for a whitemen. Worthless currency. SP2012.

Says a pakistani false flagger posing as a Zimbabwean. Your debt stands over 200% of your GDP and I guess you recently issued a trillion dollar note too. False flaggers should pick their countries carefully when y'all wanted to talk about economy

 

[jetray]

So you think starting a thread with a misleading title would make us go into panic mode?

INR touches 69 sometime during the UPA regime. What would you say about that?

Rupee is not in a bad position. Yes, 3 years back it was in worse position then gaining more than 2 rupees. Not bad for exports, its only a problem with oil bill, with good reserves it should not be a problem.

 

[seesonic]

Says a pakistani false flagger posing as a Zimbabwean. Your debt stands over 200% of your GDP and I guess you recently issued a trillion dollar note too. False flaggers should pick their countries carefully when y'all wanted to talk about economy

Indian netizen only can imagine in their wettest dream of having the ability to devalue/ floating its currency as and when they like.

I forgot China is a poor undeveloped dictatorship. SP2012.

 

[IndoCarib]

he is posting a news article from Hindu times, how is it deperation

@Janbaz Rao
Did any any of you open the link and read the title ?
Rupee hits 15-month low; crosses 67/$

You changed title to mock Modi. If not desperation what is then ?

In nominal USD terms....your point? Our forex stockpile (for USD) are good, debt load decreased big time last year...and Indians dont transact 99.9% of their economy in USD.

If anything this helps export sector, esp once the GST is smoothened out even more. No one wants the hot money FPI asset inflation based (because 0 supply reform) growth of UPA-tards anymore.

@randomradio @Ryuzaki @Jugger @itachii

You are teaching economics to a turd ! Let him spell economics first

Indian netizen only can imagine in their wettest dream of having the ability to devalue/ floating its currency as and when they like.

I forgot China is a poor undeveloped dictatorship. SP2012.

You should carefully chose your flags. First you should have done some research on Zimbabwean economy.

 

[Skull and Bones]

Indian netizen only can imagine in their wettest dream of having the ability to devalue/ floating its currency as and when they like.

I forgot China is a poor undeveloped dictatorship. SP2012.

But you're not a chini, you're a zimbabwean. Stick with it.

 

[Papa Dragon]

But you're not a chini, you're a zimbabwean. Stick with it.

@seesonic is a false flagger pakistani who is ashamed of his country and doesn't have the balls to put up his country's flags

 

[PurpleStone]

You are teaching economics to a turd ! Let him spell economics first

Who is going to teach? @Nilgiri The one who claims that he works for pw and would post technical analysis on engine only to shy away with an excuse that he does not have any time. A supposedly beef eating Tambam flirting with Pakistanis to troll Bangladeshis. Let him stay away from me for his own good.

 

[Nilgiri]

Who is going to teach? @Nilgiri The one who claims that he works for pw and would post technical analysis on engine only to shy away with an excuse that he does not have any time. A supposedly beef eating Tambam flirting with Pakistanis to troll Bangladeshis. Let him stay away from me for his own good.

Yeah whatever doc, its just another one of your butthurt accounts hehe. You clearly need help, Shiv Sena could not give it to you and you take it out on everyone else. Now go spew some more till you get banned and then create another one....because you have no life.

@Robinhood Pandey @waz @WebMaster @Zaki @Jungibaaz

 

[seesonic]

You should carefully chose your flags. First you should have done some research on Zimbabwean economy.

But you're not a chini, you're a zimbabwean. Stick with it.

@seesonic is a false flagger pakistani who is ashamed of his country and doesn't have the balls to put up his country's flags

Fine fine.. as long as you dont insult me by calling me out as an Indian

 

[rishav]

he is posting a news article from Hindu times, how is it deperation

he has edited the title , that is desperation

 

[Novice09]

#FakeNews

Fake title... correct news...

Yeah it helps with exports but adversely impacts imports that too when O&G prices are already climbing up.

If we keep depreciating Rupee every couple of years, then India would never catch up with US & China. It will for ever get stuck at 2.5 trillion GDP.

Depreciation of INR is a worry and most of the people here are not understanding it... although the USD is out-smarting almost all currencies but it is really crushing the Asian currencies...

The situation of Indian economy is not that good which can take such steep depreciation...

We Indians should thanks Modi who kept the oil prices HIGH when the market was in his favour...

And to all those who think that we are in trouble... have some belief on Indian establishment... they are far more capable then us...

Depreciating the currency is a cruel joke being played the politicians. Let me give an example

Let's say India owes IMF $1000 and the exchange rate was $1 = Rs 100 meaning India owed IMF Rs 100,000

Now RBI depreciates Rupee and now the exchange rate is $1 = Rs 200 meaning India now owes IMF Rs 200,000

Also, India would now spend more money to import O&G & Defence equipment..

If prices of O&G increases then the inflation would also go up which means the common man would now have to foot that bill.

Was it simple for you to understand?

Economy is not that simple... if it was, most of the people here on PDF would be working for some big names...

There is a rumour in Indian forex circles that Indian rupees is not depreciating because of week economy... but it is an artificial depreciation created by foreign players to get more value for every dollar they are investing in India...

What a truck load of horsesh1t.

India is a big on import. Devaluing its currency only makes the life of average Indian worst.

No wonder indians pride themselves for working overseas especially for a whitemen. Worthless currency. SP2012.

One should never try to derail a topic if he is unaware of the subject... Zimbabwean thats too who is not an economist... talking about currency and economy is a joke...

 

[seesonic]

One should never try to derail a topic if he is unaware of the subject... Zimbabwean thats too who is not an economist... talking about currency and economy is a joke...

Yes similarly we should have indian politicians educating Sweden on rape prevention

 

[Chhatrapati]

Yes similarly we should have indian politicians educating Sweden on rape prevention

What's Tchaka doing here again? Talking big
Why so ashamed of your flags?

 

[seesonic]

What's Tchaka doing here again? Talking big
Why so ashamed of your flags?

Its an India flag. Lots of shame