I am an Indian, though living in US, and always wanted to become Indian Rupee Strong, very strong. But guys think this way, what if companies will pull out from India. Y'day I read one article on rediff that 2 companies already closing their businesss in India, laying off 1800 employees. I understand that strong rupee will increase the purchasing power of my brothers in India, but for that the inflow of dollars will reduce which will affect adversly I think.
I don wanna go Dollar to go strong but be it moderate that it attarcts the foreign investors in India. somewhere around 40 I guess. If at this rate rupee will get strongm, I afraid of the job cuts in India. Even when it is heard that US market will come down, it is important for India to have little higher rate as job cuts will affect US first of course,but then surely in India.
