The Rupee has reached an all time high against the Dollar. This progress has been seen after the one in 1998 when the Rupee was around 40 to a Dollar.
History has turned a page, Today again 40 Rupees equals a Dollar.
hehe…
People say the Indian economy is at a high. Do you think it is a bubble which will explode or is it going up from here?
Goldman Sachs has predicted on the basis of India’s GDP that it will be World’s 3rd largest economy by 2035 racing ahead of superpowers like France, Italy, Russia, Japan, Germany and UK.
Also, about remitting money to India, do we wait or do we send now is a question arising in lot of people’s minds.
If this is a topic that interests you, post your opinions and comments.
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4 Responses to Dollar v/s Rupee
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Hi Paras,
I am not quite sure about the Indian economy but I it is also possible that the value of the Dollar has fallen (rather than Rupee going up). I have read somewhere recently that we are on a verge of an inflation in the US (the prices of milk, etc. are going up). Internationally Euro keeps getting stronger in comparison to the dollar.
The things will cost more in India that might affect Indian export.
I agree with Harkah Kaka, indian rupee price rising may not be as great as it sounds, as rupee gets more expensive it effect the export specially the IT market and the outsource model.
Ashish
Indian Rupee rising is going to actually hurt them and US is purposely allowing Dollar to fall Has fallen more since this report.
Bad for us here too when we go back
Mahendra