One must not the external factors that affect the rupee dollar relation. If there is a significant terror attack in Mumbai or Bangalore damaging IT infrastucture.. FII's will run with their money. Rupee will fall.
Chances of war between India and Pak seem quite low at this time but things between these two nations change quickly and this will be a burden on economy as the Iraq war is on US and this will bring down rupee. Third factor is Oil.. Oil is traded only in USD so if the oil prices go up significantly more USD will be in demand and thus disturbing the rupee dollar relation..
Of course none of this are very likely at the moment but their re
RE:Terror attack or war or Oil
by Blazer on Jul 24, 2007 02:50 AM Permalink
Don't you think US FII Investment is now in India hence the Rupee is Stronger.Tomorrow if the FII finds someother place more lucrative than India then the entire investment is diverted. Very few Indian Companies are taking advantage out of it. Banking Insurance, Healthcare everything is now in the hands of MNC's who thinks the entire globe is their Home.
RE:Terror attack or war or Oil
by Zameer Deshmukh on Jul 24, 2007 02:24 AM Permalink
Oil prices have been on rise for past several months, infact for a few years. Still dollar is in dolldrums!!
RE:Terror attack or war or Oil
by Ek Hindustani on Jul 24, 2007 03:26 AM Permalink
Watch out for false flag operations like the 911 orchestrated the world over. One is long time coming to make the Iran Invasion happen as a retaliation. The US will stop to no limit to maintain their supremacy in the world, and to maintain their petro-dollar. They will orchestrate fights and wars, directly and indirectly. I just hope and wish that the true nature of the guilty is revealed and justice brought about to this world.
