Rupee slumps to all-time low of 58.16
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livingdead
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perfect time to transfer money for expats.. 
kawaraj
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Sugarcane
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Good! We're in competition with Pakistan! But we've still a long way to go!!
We already made century , You lost like always
Chinese-Dragon
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remember modi's words....
bharat nirman mein , shak hain mera............
What does this mean?
Tshering22
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UPA's Bharat Nirman... 
it was a quote in an ad campaign by the ruling regime that they are developing India (Bharat Nirman- Haq hai mera meaning India's development is my right).
To rhyme the motto, @itachiii mentioned Shak hai mera meaning "I doubt it" (haq and Shak rhyme).
In short, Congress and its "secoolar" allies have done more damage to our economy than the four wars did combined in our modern history.
it was a quote in an ad campaign by the ruling regime that they are developing India (Bharat Nirman- Haq hai mera meaning India's development is my right).
To rhyme the motto, @itachiii mentioned Shak hai mera meaning "I doubt it" (haq and Shak rhyme).
In short, Congress and its "secoolar" allies have done more damage to our economy than the four wars did combined in our modern history.
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itachiii
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u.p.a govt is advertising abt its govts rule of 9 years with a tag " bharat ke nirman pe HAK hain mera" which means "I have a right on india's development ...
modi modified the tag of govt and said "bharat ke nirman pe shak hain mera " . it means "i have a doubt on india's development "
that was a mockery on govt by him...
Jade
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I love it, especially when one's being paid one's salary in dollars abroad!!!
I love UPA!
Just a month back when I sent money to India. Pound to Rupee exchange rate was 80....now it is 90
MST
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INDIA DESERVES UPA-III
PLEASE VOTE FOR SHRI RAHUL GANDHI JI
I am hoping for Third Front. Please mere sapno pe Pani na phero.
Mulayam for Prime Minister
MST
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Yeah sach hai. Bharat ke Nirman pe hack to sach main hia par sirf NRIs ka
Now Waiting for third front govt in 2014. Just a few days back I said we will hit 60. Looks like we are on track for that.
BTW I hope all congi supporters are celebrating today
Tshering22
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Yeah sach hai. Bharat ke Nirman pe hack to sach main hia par sirf NRIs ka
Now Waiting for third front govt in 2014. Just a few days back I said we will hit 60. Looks like we are on track for that.
BTW I hope all congi supporters are celebrating today
Boss, NRIs are a tiny percentage of the ones who run this country. If people lose their cool here, a lot of unpleasant things will happen which will harm the country in the short run.
And the current regime seems to be testing people's patience.
Truth Finder
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Study INR for at least 10 yrs. You will learn how it appreciated from 46 to 40 in 2008 and from 57 to 49 in 2012 in terms of USD. Also study its stability in 2000s. Recent depreciation is due to all time high CAD@6.7%of GDP in Q3 of FY12-13. Q4 data is yet to come and it is projected to be about 4.5%. Then, you will see the result.
And, by the way, who told you depreciation of currency is bad for a country who wants to increase export and attract FIIs and FDI???
INR's original strength post 2008 is more or less 53 to 55. This recent fluctuation is due to Federal Reserve's statement on liquidity, India's CAD appreciations coming out in June and RBI's upcoming strategy meet in mid June and on previous month's trade deficit. INR lost 7% MoM, but it is more or less same for Brazil, Mexico and S. Africa. INR is going to hit 60 as per indications before starting to rebound. Don't worry, by DEC ,According to STAN CHAT, it will be around 53/54. Study previous year's appreciation from 57 to 49. It's mere speculation. Artificial intervention will only do bad.
And, by the way, who told you depreciation of currency is bad for a country who wants to increase export and attract FIIs and FDI???
INR's original strength post 2008 is more or less 53 to 55. This recent fluctuation is due to Federal Reserve's statement on liquidity, India's CAD appreciations coming out in June and RBI's upcoming strategy meet in mid June and on previous month's trade deficit. INR lost 7% MoM, but it is more or less same for Brazil, Mexico and S. Africa. INR is going to hit 60 as per indications before starting to rebound. Don't worry, by DEC ,According to STAN CHAT, it will be around 53/54. Study previous year's appreciation from 57 to 49. It's mere speculation. Artificial intervention will only do bad.
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