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The great Indian rupee trick
by Aniruddha Bhide on Apr 28, 2007 02:51 PM

What about we, the expats working in the countries outside India? Every year we pump in huge amounts of foreign exchange by way of remittances and thus contribute to the national economy in a big way. With less number of rupees repatriated against each Dinar or Dirham, our families back home do get hurt. The case is quite acute in case of workers,labourers and artisans; who earn less, save each penny and send the savings every month to their families in India.I am sad to note that none of the articles, none of the discussions on Indian TV channels even mention the negative effect on expatriates.People should not forget that the foreign exchange crunch of 1991 was reduced with the help of us, the expats!
Aniruddha

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The great Indian rupee trick