Everyone is crying due to appreciation of Rupee.Our economy is growing.These things will happen due to economy is heating.For a long term prespective it will help our countrys economy. We have to find other alternatives like euro or sterling for export business.Locate rawmaterials in abroad and buy it in dollar terms and export as a value added product in euro terms.Simply telling that exporters are not benefitting is just ridiculous.by vipranandu
RE:dollar value decelerates
by subbu on Jul 23, 2007 11:35 PM Permalink
but u might find US army invading us like they did to iraq because iraq tried to sell oil in terms of EURO.
RE:dollar value decelerates
by Zameer Deshmukh on Jul 24, 2007 02:31 AM Permalink
Dont worry about US. It has no might to invade India. Vijayprabha has made a good point.
RE:dollar value decelerates
by Sriram on Jul 24, 2007 02:41 AM Permalink
Right, and spend more money that they don't have? They've already spent close to $600billion of federal funds in the iraq war(which will no doubt be recovered by American companies in reconstruction contracts but it is still federal money gone). and yeah, america will not wage wars anymore for economy's sake - they're more mature than that... (at least when Bush does not take executive power to an extreme)
