What about we, the expats working in the countries outside India? Every year we pump in huge amounts of foreign exchange by way of remittances and thus contribute to the national economy in a big way. With less number of rupees repatriated against each Dinar or Dirham, our families back home do get hurt. The case is quite acute in case of workers,labourers and artisans; who earn less, save each penny and send the savings every month to their families in India.I am sad to note that none of the articles, none of the discussions on Indian TV channels even mention the negative effect on expatriates.People should not forget that the foreign exchange crunch of 1991 was reduced with the help of us, the expats! Aniruddha
RE:The great Indian rupee trick
by Rocker on Apr 28, 2007 02:54 PM Permalink
You are righMr. Aniruddha Bhide, I completley agree with you on this aspect, did anyone give heed to this, does the government really care....its been a shocking week
RE:The great Indian rupee trick
by paresh gupta on Apr 28, 2007 03:24 PM Permalink
did we or govt sent her to Dubai or outside the cuntry. She should have lived in India.
RE:The great Indian rupee trick
by beni thamarasseril on Apr 28, 2007 03:47 PM Permalink
yaar paresh, who are we to send him to dubai. If the govt sends him, then he gets paid in Rupees.
Even then try to understand what he is saying. There are workers in the middle east who earn less than Rs.15000. Lets take the example of Kuwaiti Dinar. 1 KD was approx(for calculation purpose) Rs150. So if this indian worker earns KD100 it means Rs15000.
After taking into account their expenses, they might just have KD60 in their hand. Now while this KD60 earlier got him Rs9000 now it gets him Rs8340(1KD=Rs139 approx).
For those who have it in greener pastures in the middle east, its ok, but what Aniruddha is refering to is the poor workers who do have to slog day in and day out just so that their children will have some better education and not end up like them. He is referring to their plight.
RE:The great Indian rupee trick
by pradeep kumar on May 05, 2007 02:01 AM Permalink
Poor worker in Midlle east. Then come back to india. INR is appreaciated. U dont need to work outside for living..
RE:The great Indian rupee trick
by latesh devnani on Apr 28, 2007 03:47 PM Permalink
Good Reply , This idiots leave the country and crib about rupee aprreciating hurting their remittances
RE:The great Indian rupee trick
by ASHOK on Apr 28, 2007 04:24 PM Permalink
You guys are IDIOTS. Annirudha is 100% correct. I have seen Indians struggling and trying to save every Dinar / Dhiram /Rial to send home to their near and dears back home. can Govt. Give them equivalent earning back home. I tell you if they get equivalent job back home NO ONE WILL LIKE TO MOVE OUT. Try to understand YOU SICK MORONS.
