RE:Rupee vs Pound
by amitabh kumar on Oct 04, 2007 07:31 PM Permalink
Because actually it is not Re which is appreciating it is USD which is depreciating. So not just Re but other currencies too are appreciating vis a vis USD.
RE:Rupee vs Pound
by xman on Oct 04, 2007 07:41 PM Permalink
so..is the rupee growing stronger or the dollar going weak..well if rupee is growing stronger, then even gbp is growing stronger (today it was somethin around 1:2)..so what are we debating..if RBI intevenes and let $ rise aginst rupee...it means rupee is getting weaker..weaker than it was ever..this means more FII investment...more $'s come into India..ecnomy booling..n suddenly US find their lost ground..$ strengthens..FII's are gone in a flash...market crash..economy for timebeing satyanaash!!!:-D
This professor does not know anything about exchange rate. Indian economy is not doing well, it is obvious from the balance of payments deficits and particularly balance of trade deficits. Only the remittances of NRI is keeping India floating along with massive amount of short term deby India is pilling up. This is the reason Rupee is going up, just like Thailand in 1998 just before the collapse. China is keeping its currency at a very low level, so it is possible to keep a currency at a low level to capture all the markets of the world what China is doing. India is stupid China is clever. Do not go to USA to study, you get these type of stupid professors. You will learn nothing but will get a MBA, who cannot read a balance sheet. This is American education where a President cannot spell his mother tongue does not know any grammer of English although he got MBA from Harvard.
RE:This professor is a stupid
by Gautam De on Oct 04, 2007 09:02 AM Permalink
Mr. Bose. What the writer wanted to tell is what Indian companies should do with an appreciating Rupee. He did not analyze much whether the hike in Rupee is artificial. China is a very peculiar country. Few people have ALL the power to do anything they like - unlike India. India should not follow China. Instead India should improve both fundamental and applied research to a great extent (may be with US universities help). That would help us have our own products and policies. Finally, while advising people, please do not forget manners and gentleman's behavior - that is also Indian!
RE:RE:This professor is a stupid
by yvaraprasad prasad on Oct 04, 2007 07:32 PM Permalink
i agree with the coments given by the counterparts about that stupid professor. it is sure that in the world market china will have greater hedge against india.
RE:This professor is a stupid
by DINESH BABU on Oct 04, 2007 08:10 AM Permalink
Every one things that rising rupee only affect It sector only. It affect our export from agriculture to textile. I am now in a foreign country and buying onion exported from India 1.8$/kg in the market. If rupee equals say US$(1US$=1 rupee), then the country importing onion should pay 70$/kg and for what rate they will sell in their market? How they import from India? Same way no FDI will come to India. With rising rupee the local production cost should come down.ie.the onion shuld available for 1Rupee/kg. This is for example. And also NRIs will be badly affected. For common man it is not going to create any differnce unless local price is reducing. So dont guess strong rupee as an indication of Indian Economy. lot of other factors to consider.
Indian govt. & people need to stop worrying to much about up/downs of Rs/$. Its just paper that represents something. Economic health of nation. But the strong infrastructure will play most imp., vital roale in the health of nation. Does not matter how, beg borrow steal but every body pvt, govt, has to focus on building roads, better stations, footpath etc. Like china. And business will flourish, investment will increase in india and rest will be taken care of automatically..
Manmohan Singh is running country like an organisation, he is very loayl to its organisation and it should not go in losses, despite the people must go in gutters or else. They are not atking care of common man, same is P Chidambaram and most of the CMS of all state. They are just selling their counntry to single purchaser named Ambani. Capitalism is going on, few Billionaires are increased but rest of BPL living same life and their population is increasing like a chain reaction.
RE:Loyal to Orgainsation
by manoj kumar on Oct 04, 2007 06:53 AM Permalink
U talk nonsense dear. Relaince is not Ambani. Its pride of india. Its indian multinational which has created wealth of millions of indian shareholders. Otherwise foreign multinational will be sitting on head. Thanks to indian billionare, they have crated massive income, jobs for Indians. They must keep expanding and create more and more jobs, income for Idnains. Govt must help them, otherwise they will lag behind and india will be dominated by china.
RE:Loyal to Orgainsation
by jaydeep patel on Oct 04, 2007 06:20 AM Permalink
Shridharan.... why r u being jealeous if some one is working and doing business.
It is not Manmohan sing or government responsible, you are responsible, coz U R NOT GROWING.
This Wharton prof should explain why the Japanese yen is still weak and not strong against $? There is inflation in Europe, which is why interest rates in UK and rest of Europe are high. So their currency has appreciated as it invites investors.
US is keeping interest rates low, because of low inflation. Absence of easy credit to american businesses due to weaker dollar is also forcing them to make discount loans to big banks. All this is helping the US economy which was struggling just a few years ago.
Guys in India think the US economists are dunce and the best brains are with desies only. Well, US has some of the best economists and they have economic policies to foresee and come out of every recession.
Japanese yen used to be at the exchange rate of 500 yens to 1 dollar before the Japan manufacturing boom. Now yen is trading in low hundreds. It is not weak.
RE:Japanese yen is also weak
by Loan Shark on Oct 04, 2007 06:38 AM Permalink
look at the 10 year chart on yen versus dollar and look at the recent chart of yen versus dollar and dollar versus Euro, GBP and CAD and you "may" understand what I am talking about.
Japan's growth was so strong in the 70s and 80s that they grew way too much. From 1989, Japan's growth is slow and in some years it is of recession. In relative terms Japan is growing slower than any other country. (In the last 15 years)
Yen hit a peak of 80 per dollar. But it had been as low as 600 per dollar before manufacturing boom.
Depends on which base level you compare, Yen is either strong or weak.
If it is a strong Rupee then why is the prices of the imported commodities like gas is not coming down. Over all prices should fall if Re is getting strong. It is US $ devaluating
It is NOT strong Rupee, but WEAK Dollar. In near future Dollar will bounce back and rupee will sink. Although in India value of rupee is getting high, it does not make any difference in India for the price of the items in India. It will increase all the time. Our economists, policy makers and Political jokers are just useless.
RE:It is NOT strong Rupee, but WEAK Dollar
by rajesh kannan on Oct 04, 2007 08:04 AM Permalink
we need tos ee rupee apricates at faster level ,then we can see the benifts.
