Rupee slumps to all-time low of 58.16

[MST]

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.

Sir I am just stating the obvious. I am a messenger.

As don't see how people who are earning in Rupee have a Hack on Desh ka Nirman. They are just getting poorer.

 

[MST]

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.

Sir yours is a very simplistic argument. CAD is function of Dollar coming into the country through FIIs/Investments/Etc and Dollar leaving the country through imports.

Now please educate me how CAD will get better considering FIIs will pull out money once FED stops liquidity of USD and every time Rupee falls our import bill rises. Offcourse there are many factors at play here so no one can predict the future (if I could I would be ****** rich) still I would like to know how you think the Rupee will make a spectacular comeback.

And FYI Rupee is the worst performing asian currency in the last one month. It also was the worst performing currency in 2012 I think.

And 2011 Aug I bought dollars for Rs 44. So its wrong to say that Rupee has been at 53-55 since 2008.

And Source for the bold part please. Or was this told by Congi high command.

 

[bronxbull]

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.

It went to 49 in feb 12 and then breached 50 again in early march 12,since then it has been hitting peaks like 57 and then rebounding to 52 and then staying at 55 and now weakening like crazy to 58.95 top today.

India has a problem as people over consume here,especially fuel.

Every tom dick and harry buys a car and retail and consumption behave like a over developed country.

Thew rist is the housing/real estate market unregulated,too much bogus money flying around and unlisted private equity investments in random small countries.

Worst thing is lawyers running govt and policy with zero moral backbone,ready to fly to asylum in the bahamas whenever appropriate.

Biggest story is Dollar sale is free float but dollar demand is price fixed as Oil is price fixed.

 

[Truth Finder]

Sir yours is a very simplistic argument. CAD is function of Dollar coming into the country through FIIs/Investments/Etc and Dollar leaving the country through imports.

Now please educate me how CAD will get better considering FIIs will pull out money once FED stops liquidity of USD and every time Rupee falls our import bill rises. Offcourse there are many factors at play here so no one can predict the future (if I could I would be ****** rich) still I would like to know how you think the Rupee will make a spectacular comeback.

And FYI Rupee is the worst performing asian currency in the last one month. It also was the worst performing currency in 2012 I think.

And 2011 Aug I bought dollars for Rs 44. So its wrong to say that Rupee has been at 53-55 since 2008.

And Source for the bold part please. Or was this told by Congi high command.

Q3 data is out. And, follow the economists on Q4.
CAD likely to be at 4.8% in Q4, says HSBC - Hindustan Times

I talked about strength(real strength). It was over performing then.

 

[itachiii]

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

if a 3 rd front govt. forms at the centre , then the rupee value falls further down and will reach 100 for sure.... :p

 

[itachiii]

this fall is rediculous , where is chidambaram ?? what is the rbi doing ?? i cant speak abt imports / exports that will be affecte with the fall of rupee but it is affecting the students of the nation who are planning to study abroad no they have to pay more in rupee terms to convert them to dollars , when compared to a year back.... my seniors are already having a tough time with no recruitments... now this news will definetely break their back.....

 

[Srinivas]

this fall is rediculous , where is chidambaram ?? what is the rbi doing ?? i cant speak abt imports / exports that will be affecte with the fall of rupee but it is affecting the students of the nation who are planning to study abroad no they have to pay more in rupee terms to convert them to dollars , when compared to a year back.... my seniors are already having a tough time with no recruitments... now this news will definetely break their back.....

Meeru native ekkada??

 

[bronxbull]

vaadu native srikakulam districtu.

 

[livingdead]

vaadu native srikakulam districtu.

how much money r u sending.. coastal andhra dude

 

[bronxbull]

10 million aud.

 

[itachiii]

self delete

Meeru native ekkada??

born and brought up in hyderabad.. but my grand parents live in anantapur.. medi ??

 

[itachiii]

10 million aud.

appulu chesi mari pampistunara kompatisi???

 

[livingdead]

10 million aud.

bank robbery?

 

[Psyops]

 

[PakPrinciples]

This is bad really bad

Truth be told a lower rupee is good for the Indian economy.

Whenever a countries currency weakens their exports grow because of a lower cost of doing business which results in economic growth. It also results in people spending less or buying local and saving more (which gives banks an increased ability to invest in local industry).

It's bad for those people and countries who either like to or have to purchase imported goods (ex. capital equipment to start a business, food, cars, etc...)