India Rising

[ambandla]

Yesterday,

$1= 39.6 rupees

When was the last time we saw this? a decade ago?

Moreover India is now a trillion dollar economy.

India is rising

*www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=22786

*timesofindia.indiatimes.com/India_becomes_trillion_dollar_economy/articleshow/1962343.cms

 

[thunderbird.117]

Not again. India is rising and rising and then they fall again.

 

[freebird]

$1= 39.6 rupees

^_^
is it true?

 

[ambandla]

^_^
is it true?

yes. My friend in US told me this. He went to transfer some money to India and found that $1=Rs.39.6

 

[thunderbird.117]

^_^
is it true?

Maybe or maybe not? You decide .

 

[Ankur Gupta]

It is not that low dude...
It was a shade below 41 but RBI has recently taken measures to control it...

 

[ambandla]

It is not that low dude...
It was a shade below 41 but RBI has recently taken measures to control it...

The value that I mentioned is not from any news site. If was from the Exchange in US

 

[Pathik]

Check this out... acc to it the lowest was 40.56 @ 26th april..

*www.x-rates.com/d/INR/USD/data120.html

 

[Yamaraj]

India isn't rising; dollar is sinking.
Euro shows the same trends - *www.x-rates.com/d/EUR/USD/data120.html

 

[nix]

yeah...US is spending too many trillion dollars on war right...if india went to war....

 

[kumarmohit]

Right time to give your MCSEs and CCNAs etc.

 

[thunderbird.117]

yeah...US is spending too many trillion dollars on war right...if india went to war....

Not just war. They wasting so much time on stupid research. The money is getting wasted on space and so on.

 

[freshseasons]

If Dollar is sinking and Euro is also Following the same trend then, Rupee should also go down by logic.But no the Rupee is getting strong.India is rising Slowly.
I think money should be spend on space explorations and science.Think what would have happed if earlier people would have thought the same and would not have spend money on space explorations.We not be looking still at the moon.
Space explorations are always costly and debating the amount is really not feasible.

 

[ambandla]

Space explorations are always costly and debating the amount is really not feasible.

What is the use in going to moon when there are millions starving here. Go to their home, help them

 

[Pathik]

if space explorations were useless then there wd be no internet, gps, satellite tv, mobile fones etc.. However the amount of money that should be spent on space explorations is debatable..

 

[freshseasons]

if space explorations were useless then there wd be no internet, gps, satellite tv, mobile fones etc.. However the amount of money that should be spent on space explorations is debatable..

Pathiks well covered point. Everything is invented gradually.Only the first invention or rather a breakthorough takes time and is often costly.But look at the things it creates path for for further development.

What is the use in going to moon when there are millions starving here. Go to their home, help them

If Millions are starving and not billions its because we are able to use GPS and Geo Sats to predict the famines and flood and lessen the impact. Moreever its not that peoples money is snatched and fed into Space explorations.There has to be some reserve for space and science development and trust me, it makes people self reliable ( Technology does). Education helps people be self reliant.Space explorations and technology is a significant part of Education.
What will you prefer.People getting self reliant or waiting at home for someone to come there and feed them ?

 

[Yamaraj]

If Dollar is sinking and Euro is also Following the same trend then, Rupee should also go down by logic.But no the Rupee is getting strong.India is rising Slowly.

You didn't get me. What I meant is that Rupee is rising *against* Dollar, and so is Euro. So, it means that Dollar is sinking against other currencies. But I'm not an expert on this subject and this may very well be a premature personal opinion of mine.

 

[ssdivisiongermany1933]

Forget it , the rising is for ambanis , tata's ,birla's etc where is the lower class is shrinking badly , Farmers commiting suicide , loss in agriculture production
High Price rise and many more problems .


The rise is just optical illusion after 15-20 years there will be , boooooooooom

 

[freshseasons]

Forget it , the rising is for ambanis , tata's ,birla's etc where is the lower class is shrinking badly , Farmers commiting suicide , loss in agriculture production
High Price rise and many more problems .


The rise is just optical illusion after 15-20 years there will be , boooooooooom

With facts the Indian Middle Class is getting Rich its not only the super Rich where there is rising.
YOu know what? That the rich are getting rich is not the real story.Its the fact that the middle class the are getting rich and increasing their standard of living.For the past 23 years India's GDP has grown at an average annual rate of 6%, making it one of the fastest-growing economies in the world.This fact from deep research and analysis.
Check this out from an article in Time: *www.time.com/time/asia/covers/501041206/two_indias_vpt_das.html
Infact dont even read this or search.Just take a stroll into the neighborhood.And compare it to 5 years back.
And about the farmers suicide thing i will again say.Yes it bad ! But then compare of the deaths , the diseases that there were few years back.Compare to the starvation and Famines and malnutration. There is so much lot of difference between those years.The media is so Alert that the news Papers dont even miss to report one since Suicide Death from a farmer. Few years back when thousand died of Plague and famines all we could do was scorn britisher for the way they left us...poor and thrashed.
To that day to this day when we are literally snatching their jobs...having most of the stuff and competing with the world.
See there are going to be few issues but then compare those to the past.
India is taking its place in the World pal.
After 15 years its not going to be booooom as you say.Silly Many people predicted the same for 2005 10 years before that india will go bust. By 2025 India will be in the Ideal Stage of Development when our middle class gets more almost 50% of the populations share.
In the past, Indians did not accord a high place to making money. Traditionally, the merchant was placed third in the four-caste hierarchy. But since the economic reforms, making money has become increasingly respectable and India is in the midst of a social revolution rivaled, perhaps, only by the ascent of Japan's merchant class after the Meiji Restoration. Many of those associated with the old economy have also done well of late. But India Inc. is no longer run by a handful of families. For decades, socialist policies suppressed economic growth and middle-class opportunities. Yet if the present rate of growth continues, India should reach Aristotle's ideal by 2025, when the middle class will be 50% of the population.[/QUOTE]

You didn't get me. What I meant is that Rupee is rising *against* Dollar, and so is Euro. So, it means that Dollar is sinking against other currencies. But I'm not an expert on this subject and this may very well be a premature personal opinion of mine.

Ok the The dollars loss is bacause of these factors.
USD— Lowest in history.

GDP—lowest in 4 years.

HOUSING—crashing.
INFLATION:--We all know:4.2 percent and heading up.

DEBT—Exponential moving towards infinity.
.And over the past three years it has fallen by 35 per cent against the euro and by 24 per cent against the yen which only suggests US's fundamental structural Problem.But then it doesnt mean that it is universal against all currency.
So it Leaves us with Euro Anylasis. Yes Euro is going to rise to.when it was launched the euro was worth $1.17..But Euro is not rising Compared to Rupee and Yen for that. And moreever it is not That dollar is sinking against everything.Yesterday it touched 2 months High against Yen.
Link:*www.reuters.com/article/hotStocksNews/idUSNYH00044120070502
Rupee is performing better than yen.

The euro and the pound sterling fell against the rupee in the interbank market on Friday, said treasurers.

The pound sterling closed at Rs 113.84 for buying and Rs 113.94 for selling. It registered a decline of 42 paisas against the local unit. The euro plunged 46 paisas in the interbank to close at Rs 79.08 for buying and Rs 79.18 for selling.

“The euro and the pound sterling came under pressure because dollar staged a comeback against these currencies in the international markets,” said a treasurer at a local bank.

The dollar rose towards this week’s highs against the euro as investors speculated an upcoming US central bank meeting could hint at interest rates climbing at a faster pace.

Rupee compared with other currencies it defiantly seems to have a better hand.

 

[ssdivisiongermany1933]

I don't believe in predictions , predictions are in Air