As Indian ecomony Booms , Indian Rupee has to appricate, you cannot keep it artifically low. it is good becuase now importing of basic needs like petrol and kerosene will become cheaper.
RE:The rupee rise: How you are affected
by sam on Jul 25, 2007 10:56 AM Permalink
The Rupee rise is not due to Indian economy booming. It is due to USAs concerted efforts to keep the dollar weak & thereby cornering the major part of world trade. This has helped them to bring unemployment to all time low levels. The Re strength is also due to currency arbitrageurs who are borrowing abroad at 1% & investing in the Indian stock markets where they are able to get double digit returns along with double digit currency appreciation returns.
