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Driver of rise
by vin kumar on Jul 29, 2007 02:36 PM   Permalink | Hide replies

Hi Friends
if you could help me to understand the below -
What drives rupee to get strengthen or weaken
against dollar.
Thanks
coolvinin@yahoo.co.in

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  RE:Driver of rise
by Swarup on Jul 29, 2007 11:02 PM   Permalink
In simple terms, one thing - money flow.

If international investors invest more money in India, which means more money flowing into India, rupee will rise and vice versa.

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  RE:Driver of rise
by Cricket s on Jul 29, 2007 10:46 PM   Permalink
engineers in India cannot understand basic economics. Economics, Accounting and Marketing should be made part of Science and Engineering degrees. These days it is so necessary to know these things.

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  RE:RE:Driver of rise
by Swarup on Jul 29, 2007 11:09 PM   Permalink
Excellent point!

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The above message is part of the Discussion Board:
Rupee rise: How you are affected