RE:appreciation of rupee
by RajneeshChandraMohan Jain on Jun 20, 2007 09:12 AM

Stop the blabbering.

Dollar interest rates are kept low because supply is more than demand.

Dollar deposits are just kept in US treasuries for 5.5% return and deposit holder is paid any where between 4.3 to 4.9%. And differential is kept as profit by banks.

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