PPP
by RajneeshChandraMohan Jain on Oct 04, 2007 12:04 PM Permalink | Hide replies

By Purchase power parity 1$ equals to about Rs12-Rs.15. Sure Rupee may not appreciate to that level. But it shows the extent to which dollar has been over bought.

Dollar used to be the only safe currency in the past. But it is changing fast.

Forward | 'Report abuse' disabled by moderator

RE:PPP
by ravi shanker behl on Oct 04, 2007 08:34 PM Permalink
from where u read this? tell me the source of yr information?

Forward | Report abuse

RE:PPP
by RajneeshChandraMohan Jain on Oct 04, 2007 10:12 PM Permalink
search for "Purchase power parity India" in google.

By 2006 est Indian GDP by PPP = 4.042 trillion
Indian GDP by dollar = 0.9063 trillion

PPP to dollar ratio = 4.6

2006 exchange rate/4.6 equals to approx 10

Forward | Report abuse