Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:Rising Rupee is Pay Raise
by chirag dixit on Jul 26, 2007 09:05 PM

Hi Folks,
Well, I live in USA, work as a software engg. I agree with Mr. Natarajan, though at personal level my $ value have been hit due to rupees appriciation.
But we must understand, that Indian common man will have more purchasing power in global market.
More quality goods can be exported and consumed from other market for example here, in US i can buy a good luxary car @ cost of Maruti Esteem in india.
So folks we all as NRI should also feel proud that INDIA is doing good.
And it's not only INIDIA, its US policy which made their $ depriciated at all other economy, for instance study the Aus$ rate graph compare it against USD, you will understand.
INR has still good scope of appriciation, and Govt should take benifit then crying for few exporters.
Exportes had earned alot while INR was down, now they have to survive with better quality than cheap supplies.

    Forward  |  Report abuse
The above message is part of the Discussion Board:
Re rise may extract Rs 1 lakh