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Ruppee Appreciation a Boon
by Bengal Tiger on Apr 29, 2007 11:34 PM

Contrary to the common crap stuffed over our throats that currency appreciation is not good. It is a fake theory that depreciation will enhance exports etc. Currency appreciation should be used to repay dollar loans from World Bank, our crude oil imports value will also come down. This will help in curbing inflation.

With regard to exports Indian exports should shift focus from low end export of raw materials, coolie software projects, to high end
products to improve their export market. The whole country can not suffer for a few selfish rich exporters.

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The above message is part of the Discussion Board:
The great Indian rupee trick