RE:only expoters are un happy
by sam on Jul 25, 2007 11:17 AM Permalink
The only people who are happy are the speculators & trader like you.The rupee strength is due to currency arbitrageurs (ECB borrowers) who are borrowing in Japan & a few other countries at less than 1% & deploying those funds in our equity markets for double digit returns. They are also doubly benefited by the currency appreciation.
RE:only expoters are un happy
by Vijay Shankar on Jul 25, 2007 11:36 AM Permalink
I am an NRI.. been away for more than 10 yrs..& I now I have stopped sending money... reason.. lousy exchange rates la !
