Rupee hits new record low of 57.12 today - Will Rafale deal Cancelled?

[Sergi]

I am a bit naïve about economy matters so can someone explain why the falling rupee is such a bad thing ?

I mean the importers will lose no doubt , but the exporters will flourish no ?

And how big is Indian export bucket ???
Our imports are bigger than exports.
But don't worry RBI will intervene in this now. Rupee will be stable in 1/2 months up to 53/55. But it will need major critical decisions and strict finatial policy to bring it below 50. Which isn't going to happen before elections

If anybody look at the link of the article you will find just exchange rate chart.
Rest of article is OPs wet dreams
I wonder if Mods are ok with this sticking news thread. I can start many

 

[kkacer]

face the fact, Rafale deal will be more and more expensive due to high deficit account

 

[Vasily Zaytsev]

Morons..............

What the Rupee Dollar exchange ratio has to do with the Rafale Deal ?

The payments for Rafale deal will be in Euros and not in Dollars..............Numbnuts !!!!!!!!!!!!!






Lol .............with the High IQ Megafarts ..................

 

[kkacer]

Morons..............

What the Rupee Dollar exchange ratio has to do with the Rafale Deal ?

The payments for Rafale deal will be in Euros and not in Dollars..............Numbnuts !!!!!!!!!!!!!






Lol .............with the High IQ Megafarts ..................

as i said before, there is no difference = Rupee drop almost 50% too vs Euros

the india government’s fiscal deficit is much bigger than earlier projected and the rupee fell sharply against the dollar and the euro.

 

[Vibs]

face the fact, Rafale deal will be more and more expensive due to high deficit account

Do you even understand the concept of defecit and what it means for trade?

as i said before, there is no difference = Rupee drop almost 50% vs Euros too

the india government’s fiscal deficit is much bigger than earlier projected and the rupee fell sharply against the dollar and the euro, drop almost 50% in one year.

Could you elaborate on the 50%

 

[funtoosh]

Will the Rafale deal be Cancelled?

India rupee drops almost 50% in 1 years !!

The Rafale deal India is $10 billions US dollar, Now India need to pay almost $15 billions due to Rupee depreciation.

Very Terrible! Will the Rafale deal be Cancelled?

http://img4.bbs.**********/uploadfiles/images/2012/06/22/0622150005710.JPG

India Rupee hits new record low of 57.12 today, it was $44 in Auguest last year, now only 57 and still free falling.. maybe below 60 very soon

USD INR Chart | Dollar Indian Rupee Real Time Chart

Rupee fall jacks up India's arms purchase bill

Rupee fall jacks up India's arms purchase bill

you fellow.. india still need to pay only $10 B.. youfrickin troll

 

[Vasily Zaytsev]

as i said before, there is no difference = Rupee drop almost 50% vs Euros too

the india government’s fiscal deficit is much bigger than earlier projected and the rupee fell sharply against the dollar and the euro.

What the hell the fiscal deficit has to do with the Rafale Deal?.............

The Defence allocation as % of GDP is much less than 3 % ................

Deficit is due to subsidies and nothing to do with the defence spending.............

so buzzzzzzzzzzz off ......................

 

[funtoosh]

face the fact, Rafale deal will be more and more expensive due to high deficit account

we will print Re and give.. just like US will give you one $3t note to buy a load of american bread.. lol.. then chini will become even more poor than Chad

 

[Götterdämmerung]

I am a bit naïve about economy matters so can someone explain why the falling rupee is such a bad thing ?

I mean the importers will lose no doubt , but the exporters will flourish no ?

That is if you have things to export, but Indian manufacturing is pathetic. Indian wages are already way lower than in China and India still cannot compete with them in price and quality. Now as India's most important export markets are in recession/crisis there won't be much new orders coming in anyway.

 

[funtoosh]

That is if you have things to export, but Indian manufacturing is pathetic. Indian wages are already way lower than in China and India still cannot compete with them in price and quality. Now as India's most important export markets are in recession/crisis there won't be much new orders coming in anyway.

we export software services which will become cheaper.. and of course lower value things like textiles .. but unless we start manufacturing to compete wiht china we cant compare.
Also, i think its a reflection of confidence in indian politics this fall and not a true reflection of economy. the moment policy logjam is broken Re will rise.. India will surely outpace china at least once or twice in this decade and more consistently in the next .

 

[JanjaWeed]

Why is this news upsetting me? I should be feeling good about this..... shouldn't I? £1 = Rs 89.36 today!! Time to transfer some dosh...

 

[Götterdämmerung]

we export software services which will become cheaper.. and of course lower value things like textiles .. but unless we start manufacturing to compete wiht china we cant compare.
Also, i think its a reflection of confidence in indian politics this fall and not a true reflection of economy. the moment policy logjam is broken Re will rise.. India will surely outpace china at least once or twice in this decade and more consistently in the next .

How many people are employed directly in the IT service industry in India? 100 or 200 m? With all the IT industry talk, India's IT industry is still a fraction of China's IT industry and I have yet to see an Indian sofware company in the top ten in revenue.

Don't talk about this will and that will in x year. What we have seen is that India never outpaced China in the last 30 years.

Why is this news upsetting me? I should be feeling good about this..... shouldn't I? £1 = Rs 89.36 today!! Time to transfer some dosh...

You have to think of the people in India. Low rupee rate means expensive import of raw material like oil.

 

[JanjaWeed]

You have to think of the people in India. Low rupee rate means expensive import of raw material like oil.

I know.. maybe my loyalty is split between me & my patriotism.

 

[funtoosh]

How many people are employed directly in the IT service industry in India? 100 or 200 m? With all the IT industry talk, India's IT industry is still a fraction of China's IT industry and I have yet to see an Indian sofware company in the top ten in revenue.

Don't talk about this will and that will in x year. What we have seen is that India never outpaced China in the last 30 years.



You have to think of the people in India. Low rupee rate means expensive import of raw material like oil.

china has been growing at -2% a year and india at about 2-3%.. wh? because china is burning up all its ecology.. for every $ they produce they burn 1.02$ they will be finished soon.
india is consumer an economy similar to US.. more sustainable

 

[laman12345]

india is consumer an economy similar to US.. more sustainable

wake up, don't be cheated by india media, , the fact is china domestic market is 6 - 10 times bigger than you india