Iam an expatriate moved to gulf recently. At the outset, I am really happy that our currency is doing well.
There are certain situations where the articles describe only about imports and going abroad, it does not provides a deep insight on the circum. it is going to exploit.
I feel at present inflation has not come down, even after the RBI has not changed their interest rates.
May be real estate prices will go down in all metros. But still cement prices has not gone down. Is this because of NRIs inflating the prices in the metros. This will be a serious blow to them for both Real Estates and those who had purchase at an exorbitant rates rather than market rates fixed.
It will certainly affect our IT industry, which provides a major employment. Particularly, the green back has got adversely impacted because of Euro, as their bank has reversed their interest rates.
But still oil prices, gold is still increasing in the world market.
May be Rupee needs a correction at this movement, if it succumbs to global fluctuations of currency trade.
