RE:Rupee vs Pound
by amitabh kumar on Oct 04, 2007 07:31 PM Permalink
Because actually it is not Re which is appreciating it is USD which is depreciating. So not just Re but other currencies too are appreciating vis a vis USD.
RE:Rupee vs Pound
by xman on Oct 04, 2007 07:41 PM Permalink
so..is the rupee growing stronger or the dollar going weak..well if rupee is growing stronger, then even gbp is growing stronger (today it was somethin around 1:2)..so what are we debating..if RBI intevenes and let $ rise aginst rupee...it means rupee is getting weaker..weaker than it was ever..this means more FII investment...more $'s come into India..ecnomy booling..n suddenly US find their lost ground..$ strengthens..FII's are gone in a flash...market crash..economy for timebeing satyanaash!!!:-D
