that is great news but the funny thing is, unless we make our science, technology and research stronger, we will end up paying something like a billion dollar or two ( which is a good fraction of this income) just on a 15 years old used ship from russia/us/france/uk or germany
I am an Indian, though living in US, and always wanted to become Indian Rupee Strong, very strong. But guys think this way, what if companies will pull out from India. Y'day I read one article on rediff that 2 companies already closing their businesss in India, laying off 1800 employees. I understand that strong rupee will increase the purchasing power of my brothers in India, but for that the inflow of dollars will reduce which will affect adversly I think.
I don wanna go Dollar to go strong but be it moderate that it attarcts the foreign investors in India. somewhere around 40 I guess. If at this rate rupee will get strongm, I afraid of the job cuts in India. Even when it is heard that US market will come down, it is important for India to have little higher rate as job cuts will affect US first of course,but then surely in India.
RE:Dollar Rupees ratio
by Desi on Oct 25, 2007 07:22 PM Permalink
You are right. Probably the better thing to do would be to shift these jobs from India to Sri Lanka or Bangladesh where there is still a significant difference between the dollar and their respective currencies.
The Upside to your argument is that the domestic purchase cost of imports, most imp, Oil, cost of which is rising, would be cheaper.
I comply that Dollar export oriented units would be hurt, but what about Euro/Yen/Pound/Canadian dollar / Brazilian Real based export.
Also, Strong Rupee would force the economy to domestically improve and be less export dependent economy, like US, where almost 75% of the economy is consumer based.
RE:visit www.desispin.com
by mirror on Oct 25, 2007 09:04 AM Permalink | Hide message
abey chal hindu bhaag hahain se. Pata nahin kahain kahain se aa jate hain samaan bechane?
RE:visit www.desispin.com
by Chirag Majmundar on Oct 25, 2007 09:51 AM Permalink
HINDU? Bhag ? You know what topic you are in? Stop all these you moron.
RE:visit www.desispin.com
by Yerra Burra on Oct 25, 2007 07:54 AM Permalink
Why do you keep playing these cheap tricks? You think you are promoting your business? Stop this garbage.
currencies in asia pacific like japan, chine, thailand increased by 2-5% against dollar in last 1 year...but our rupee, went up by 12.5%...good job guys...IT, manufacturing, KPOBPO jobs will move to our neighbour countries...and we will be lfet with population and a begging bowl...yes, I would rather die begging n humiliation rather than going down on pseduo patriotism
RE:growth?
by Tim on Oct 25, 2007 07:19 AM Permalink
So you want the rupee to keep going down to the dollar every one will be happy if it reaches 100. What an hypocrite? When the rupee kept going down nobody even opened the mouth. Remember out currency was around 2 to the dollar after independance.
when every country dreams of being close to the dollar only our country keeps waiting for the lower currency. So as long as your bank balance in India is growing from the dollars you dont care whether the country goes to dogs.
Good job keep it up. You deserve to be called a patriot.
RE:Looking for roommates/landlords/tenants?
by shivaprasad bv on Oct 25, 2007 03:21 AM Permalink
Dont misuse this platform to advertise and promote your business and making this place a junkyark
RE:Govt expects IT exports to touch $80 bn by 2011
by naresh jasotani on Oct 25, 2007 01:44 AM Permalink
Goto --> Start --> Click "Run" --> type "Calc" --> press ENTER Key
RE:Govt expects IT exports to touch $80 bn by 2011
by abhishek srivastava on Oct 25, 2007 03:54 AM Permalink
so today as 37 billion dollars is just 37 crores..?hahahah wahat a mad
