WHO ARE RESPONSIBLE FOR DE VALUEING OUR RUPEE? THE IMF/WB AGENTS.(I NEED NOT NAME MANMOHAN,CHIDAMRAn,MOTEK & PARTY). WHEN I WAS A CHILD (55 YEARS BACK,WHEN I WAS TEN), PETROL WAS SELLING @Rs.1.25(one rupee 4 annas ) A GALLON & NOT A LITRE. THE $ WAS THEN JUST 2 RUPEES. LET ME CUT THE STORY SHORT.WE ARE A DEVELOPING NATION. OUR IMPORT BILL 'NEED'IS MUCH MUCH MORE THAN OUR EXPORT INCOME. LET US,THERE4, BRING THE $ DOWN TO COST Rs 20 . JAIHIND.
RE:STRONGER THE RUPEE- BETTER FOR INDIA
by N.P.Sharma on Oct 04, 2007 10:25 PM Permalink
I do agree ... exporters are handfull in number whereas we are 1250 million consumers ... rupee should go 1USD =20/-RS AND BY 2015 1USD -1 RUPEE
RE:STRONGER THE RUPEE- BETTER FOR INDIA
by Prof R K Gupta-India on Oct 04, 2007 10:54 PM Permalink
Great.This is possible.When I was kid 50 japanese yen were equal to 1 Indian rupee and now?In 1972 a dollar was worth only Rs 9. Indian rupee must restore some self respect atleast.Indian government should stop meddling into its price fixing by RBI.We are exhausting opur nationla wealth by exporting it keeping rupee lowe at beshest of profiteering exporters having nothing else to offer but low prices to compete.