Fall of Dollar is inevitable. Infact, dollar can collapse, if US economy stumbles into a recession.
Falling dollar will be very very bad for IT cos, which will be coupled by less-business & hard bargaining by US Cos coz of recession.
But overall, rising rupee (falling dollar) will be good for India, coz we import much more than we export (esp Oil). It will also promote consumption in the country which will provide an impetus to economy.
Infact, its about time, that the IT Cos start focussing on India-China market, which are the fastest growing markets in the whole world.
Dont understand, why they are ignoring the growing domestic mkt, when american cos are eyeing our markets.
RE:Inevitable but good
by archana patil on Oct 06, 2007 01:56 AM Permalink
If dollar falls, the price or oil will not stay same. It is a commodity and it is not linked with any currency but rather supply and demand. Hence if dollar falls, oil dollar price will rise just as we saw recently when the dollar fell upon interest rate cut, the price of oil crossed $80.
