RE:I am a NRI .. I want rupee to depreciate ..
by sainath sunkara on Apr 29, 2007 08:38 AM Permalink
Hello Mr. NRI Indians are not beggars anymore and eventhough Rupee is appreciating the cost of operating is very much low when compared with other countries........
It seems ur selfish for ur ruppes that ur getting out for ur dollars
The appreciation of Rupee is much needed, how long can we look at small timers? we need to look at India as a whole, this appreciation is not going to affect India... It would make India stronger.
India's close rival China, RMB which was 8.30 to 1 US $ is now at 7.6 RMB, thus our appreciation dosen't boast competition as mentioned by the writer of this article.
Also, govt should try to maintain this stream, only when Imports becomes cheaper, local producers will look into quality and competitive price model.
See those giants profits all have 20 to 25% Net Profit, let them reduce and try to be competitive, end of the day, END USER SHOOULD BENEFIT.
RE:India Marching towards to be a Global Power
by VIPIN sharma on Apr 28, 2007 10:45 PM Permalink
yes very true those who are having interest in stocks, for them india is only BSE. they tell those things r good for india which is good for stocks. rising rupee has more advantages then negative impacts. if managed well like giving incentives to exporters rising rupee can do a lot of good for india.negative is only export and if government will have a will it will be sorted out. very few advantages cheaper oil means lower inflation cheap import means gov can increase import duties hence increase in reveneu we can buy more MNCs at lower price will become difficult for a hostile takeover of our companies. whatever we want to iport at cheaper price will be available. list is very long. U also can think if think like an neautral person and in the interest of INDIA. ofcourse we all should be with exporters to not let them down.
RE:RE:India Marching towards to be a Global Power
by balaji vasudevan on Apr 29, 2007 10:03 AM Permalink
I CANNOT AGREE WITH ANY THEORY ON INFLATION, RUPPEE CONTROL EXTRA, WHAT EVER BEEN DONE BY CENTRAL GOV., THERE ARE AREAS WHERE CONSUMER IS BETRAYED TO THE CORE BY THE GOV and THE SHOPKEEPERS. Eg. Diff in fixing fuel prices - to compensate the election promises - colour tv, 2 rupee rice etc in South India. NOTHING IS GOING TO GAIN YOU AND ME. THE GOV. is ONLY FOR THE BUSINESSMEN - EXPORTERS & IMPORTERS AND NOT FOR THE PEOPLE. I STRONGLY DISAGREE WITH ANY SUCH MEASURES AND PROMISES BY THE GOV. LOOK AT SINGAPORE WHERE EDUCATION, BROADBAND etc are FREE. WE NEED SUCH BENEVOLENCE. WHY EVERYTIME MR. CHIDAMBARAM IMPOSING ON NORMAL PEOPLE FOR TAXES - WHY THE COMMODITY PRICES are HIGH due to introduced ONLINE PRICE TRADING & FIXING, WHY LAND & REAL ESTATE PRICES ARE HIGH. WHAT GOV. HAD DONE TO CURTAIL BLACK MONEY POURED INTO REAL ESTATE ??????
BILLIONS OF BILLION DOLLOR AKA RUPEE ( Since its appreciating JK.) QUESTIONS !!!!!
ALL INTO THE POCKET OF POLITICIANS BUSINESSMEN >.....
Hello guys: this is just a 'virtual' growth but not in reality. Whether Rupee appreciates or depreciates, common man in India finds it's very difficult to meet his both ends. Growth should not only be in IT field and stock markets; Growth should be in each & every part of the country. Still thousands of farmers are dieing, millions for poor people who dont have any basic needs like water, electricity, transportation, medication, etc; so many thousands villages are still in dark; millions of indian children are still lacking good basic education. This 'Rupee' gimmick is only good for industrialist, stock market brokers and IT companies. If common man's sufferings are still continue and basic needs are not fulfilled, there is no meaning in saying "India is developing fast and Indian economy is picking up". We are still 20years behind in providing basic needs to everybody, providing good environment, keeping cleanliness, etc. etc.
As a layman I can say that strong rupee is going to affect Indian Textile industry, which is second largest employment provider in the coutry. Similarly healthiness of sectors like BPO ..
Simple Remedy is to reduce duties on gasoline and Diesel. 1)Automatically Inflation goes down within INDIA.Productivity goes up. Cost of Production goes down. 2)Foreign Exchange reserves balances (No point loocking them in US treasury and letting US use it at a paltry interst rate to India) 3) Rupee / US doller rate will stabilise. 4) Ruling party gets the pat on the back and ofcourse votes. 5) Buy power plants ( Nuclear & Gas based) on Turnkey basis
We are looking at only India level but we have to rember at world level, why all currancy value changes?,what is total quantity of currency ? How does it effect all economic factors ? why all market in bullish mood ? Like Oil,Crude,Metals, Dollers, Rupee,and Agro products,etc and How it possiable ? There may be very systemic currancy inflow other wise all market should not bullish. We belive that economical developement but it is not correct. Wait for some changes or some open unknowan factor. God bless all Thanks
RE:Appreciation of Rupee
by ASHOK on Apr 28, 2007 04:35 PM Permalink
Simple Remedy is to reduce duties on gasoline and Diesel. 1)Automatically Inflation goes down within INDIA.Productivity goes up. Cost of Production goes down. 2)Foreign Exchange reserves balances (No point loocking them in US treasury and letting US use it at a paltry interst rate to India) 3) Rupee / US doller rate will stabilise. 4) Ruling party gets the pat on the back and ofcourse votes. 5) Buy power plants ( Nuclear & Gas based) on Turnkey basis.
Iam an expatriate moved to gulf recently. At the outset, I am really happy that our currency is doing well.
There are certain situations where the articles describe only about imports and going abroad, it does not provides a deep insight on the circum. it is going to exploit.
I feel at present inflation has not come down, even after the RBI has not changed their interest rates.
May be real estate prices will go down in all metros. But still cement prices has not gone down. Is this because of NRIs inflating the prices in the metros. This will be a serious blow to them for both Real Estates and those who had purchase at an exorbitant rates rather than market rates fixed.
It will certainly affect our IT industry, which provides a major employment. Particularly, the green back has got adversely impacted because of Euro, as their bank has reversed their interest rates.
But still oil prices, gold is still increasing in the world market.
May be Rupee needs a correction at this movement, if it succumbs to global fluctuations of currency trade.
