We are looking at only India level but we have to rember at world level, why all currancy value changes?,what is total quantity of currency ? How does it effect all economic factors ? why all market in bullish mood ? Like Oil,Crude,Metals, Dollers, Rupee,and Agro products,etc and How it possiable ? There may be very systemic currancy inflow other wise all market should not bullish. We belive that economical developement but it is not correct. Wait for some changes or some open unknowan factor. God bless all Thanks
RE:Appreciation of Rupee
by ASHOK on Apr 28, 2007 04:35 PM Permalink
Simple Remedy is to reduce duties on gasoline and Diesel. 1)Automatically Inflation goes down within INDIA.Productivity goes up. Cost of Production goes down. 2)Foreign Exchange reserves balances (No point loocking them in US treasury and letting US use it at a paltry interst rate to India) 3) Rupee / US doller rate will stabilise. 4) Ruling party gets the pat on the back and ofcourse votes. 5) Buy power plants ( Nuclear & Gas based) on Turnkey basis.
