Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:Depegging from dollar urgently reqd
by rakesh dikshit on Apr 21, 2008 07:18 PM

Look it from USA's point of view. Bush has depreciated the greenback and in turn has exported inflation to the economies who are keeping their currencies pegged to a particular level.
India (at Rs 40 per USD) and China (At 7.002 per USD) are trying hard to protect their exports.
However in its short sigted policy - Indians are paying a highre crude import bill (in rupees) and thereby allowing the public sector to ian increased subsidy for the oil marketing companies.



    Forward  |  Report abuse
The above message is part of the Discussion Board:
http://inwww.rediff.com/money/2008/apr/02pol.htm