EUR has depreciated a less than USD. Lets start using EUR as base or reference currency for next few years. After all, beoynd 2020 INR will be global reference currency :-)
RE:Let EURO be new reference currency
by Anantha Krishnan on Apr 28, 2007 04:02 PM Permalink
Precisely, let us change the base currency, if we are losing out on the dollar rate. In fact, prudent Indian businessmen with large scale international interests, hold their money in other currencies, so that the fluctuations do not affect them. Foreign Exchange dealings are all about riding the wave and the crust of different currencies. It is time for people who are cribbing to grow up and think out of the box.
RE:Let EURO be new reference currency
by ASHOK on Apr 28, 2007 08:20 PM Permalink
what rubbish you are talking about. To make INR as reference currency you have to first free float it. Indian currency is yet to be traded /available in International money exchanges. And you are showing dreams of being Global reference in 13 years. Anything is possible only if we take the right step first.
RE:Let EURO be new reference currency
by Vijay Shah on Apr 29, 2007 02:39 AM Permalink
FYI : Government is working on making INR fully convertible currency by 2009.
