Great Article
by NextPrez on Jun 19, 2007 11:21 PM
Great article for the common man to understand the currency valuations. Actually the Americans are stupid, they have flooded the market with billions of dollars spent on the war and hence the dollar has weakened which is opposite to what initially the Bush Administration had desired.
Indians need to do more for a stronger Rupee. I believe in another 5 years once we have enough FDI's and exports are more we should strive and create fiscal deficit and then peg the value of the Rupee to other currencies.
