I don't know why media is making a huge cry over a minimal appreciation of rupee. Its a fact that more dollars are comming to india to India and rupee will appretiate.
Why should govt devalue the rupee which causes inflation so 40% indians will starve (media is not bothering about their life instead is much bothered about the loss to Premji,Ratan Tata and Narayan Murthy).
Think what will happen if govt devalue rupee and make 1 dollar = 60 Rupees. The salary expectation of people will increase... Which will lead to higher salary among upper middle class and above. They only will be able to survive in cities... Just an example in bangaloe its difficult for a person with a salary of 10000 rupees per month to survive with family.
RE:Why Cry thismuch for rupee appreciation of 10%
by poonam dil on Jul 25, 2007 11:26 AM Permalink
We have lived in Bangalore for 35 years. Now its impossible to manage. We are thinking of moving out of the City which we dont recognise and identify with anymore. Maybe the rupee rise is great for families like ours.
RE:Why Cry thismuch for rupee appreciation of 10%
by Vijay Shankar on Jul 25, 2007 11:41 AM Permalink
People have to find out how they can earn more money. Having said that, moving out to a quietr place is a very good option.. than to bustle around the heart & mindless white collered criminals.
