Dollar to Rupee rate
The dollar has touched 70 to the rupee and at this rate before elections 2019 it will touch 75.
In 2007 during UPA 2 the dollar to rupee was at 38.
This means the wealth of India and Indians has been cut to half at a global level.
Whatever story or jumlas we may want to believe our politicians and leaders have failed us. Money wise we have only lost while countries like USA, Europe, UK have gained against us.
If any foreign fund made an investment in rupees in India in 2008 say 100M at that time 380 crores that investment doubled still return is zero because 760 crores is still $100M.
Our markets havent really appreciated for foreigners in 10 years they are just reflecting the depreciation of rupee.
I hope we can see through the deterioration India has suffered in last 10 years.
Lets discuss how we can get the rupee to appreciate. more
In 2007 during UPA 2 the dollar to rupee was at 38.
This means the wealth of India and Indians has been cut to half at a global level.
Whatever story or jumlas we may want to believe our politicians and leaders have failed us. Money wise we have only lost while countries like USA, Europe, UK have gained against us.
If any foreign fund made an investment in rupees in India in 2008 say 100M at that time 380 crores that investment doubled still return is zero because 760 crores is still $100M.
Our markets havent really appreciated for foreigners in 10 years they are just reflecting the depreciation of rupee.
I hope we can see through the deterioration India has suffered in last 10 years.
Lets discuss how we can get the rupee to appreciate. more
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Congress ruled this country for 65+ years.What it has done during this period to control US$?In short our liabilities are more than assets.Unless we improve assets nothing can be done.First and foremost liabilities are population,reservation and corruption. more
Aug 16
our new generation wants all comforts (costly bikes, cars, mobiles, imported watches). All want to eat burgers, coke, etc. So money is flowing out. What we have to sale to other countries and at competitive rate? As long as we are busy in demand for reservation and other demonstrations, we should be mentally prepared to Rs 80 to a Dollar. Alarm bell is ringing but who is hearing? We have to learn to tighten our belt and learn to live within our resources (petrol, diesel etc.). Produce and then only consume (foreign exchange). more
Aug 16
Good post, Sudesh. But the moment people with coloured glasses wade in to the discussion you and for that matter, all of us will start hearing/reading unspeakable stuff. It is the economy which matters, not politics. We hear the government celebrating the sixth biggest economy status. We always had been in the top ten from 1947(!) except for three years starting 1989. A few European countries slipped to cede us the sixth spot; that is all.The size of the economy does not necessarily imply the strength of the economy. The implications of excessive focus on EoDB are not really studied or understood. Same is the case with FDI. more
Aug 15
During Indira GANDHI period it was rs8 to one dollar,there is never permanent fixed exchange rate,it is good if it touches 75,it will help exporters,only people crazy of imported goods are crying more
Aug 15
