Rupee hits record low against US dollar, tipped to fall further, say analysts

[Beast]

Rupee hits record low against US dollar, tipped to fall further, say analysts

The rupee opened at a record low of 80.2850 per U.S. dollar, down from 79.9750 in the previous session.

www.hindustantimes.com

I think India will soon slip back into an economy size smaller than UK in short time given the continue decline of rupees.

 

[Skull and Bones]

Rupee hits record low against US dollar, tipped to fall further, say analysts

The rupee opened at a record low of 80.2850 per U.S. dollar, down from 79.9750 in the previous session.

www.hindustantimes.com

I think India will soon slip back into an economy size smaller than UK in short time given the continue decline of rupees.

INR has been gaining against pound, so reverse UNO!

 

[Communism]

INR has been gaining against pound, so reverse UNO!

Europe committing economic suicide isn't really the benchmark you want to measure yourself against, lol.

 

[Skull and Bones]

Europe committing economic suicide isn't really the benchmark you want to measure yourself against, lol.

Chinese yuan to INR is stagnant (or gained) in the past one year, so does that mean Indian economy strength is as stable as China?

 

[Communism]

Chinese yuan to INR is stagnant (or gained) in the past one year, so does that mean Indian economy strength is as stable as China?

China is intentionally devaluing to try to stimulate their economy and also to try to compete with massive devaluation in Japan and South Korea.


In other words, as an import consumption economy, india would like a stronger currency, but as an export investment country, china would like a somewhat weaker currency.

 

[Communism]

If we are to compare India to a country with a similar economic design, it would be closer to the U.S.


Import consumption economy that exports services as well as attracts investment in their stock market.