Strong Rupee Weak Dollar Who benefits?

Enter your Email


Preview

FREE Hosting | Promote Blog | Business Directory | Work At Home / IT Jobs | Bookmarks Manager | Finance Guide | Bollywood Video | Aishwarya Rai | Deepika Padukone | YouTube Video Downloader | Tiny URL | TOP WEB HOSTING REVIEW 2008 | IPL Cricket

[SEO Consultant]

The hard facts. The Indian Rupee hit a 9-year high against the mighty dollar on September 21.

In 1999, dollar become stronger against Rupee 43.05
In 2001, moved up to Rs 44.94
In 2002, moved up to Rs 48.59
In 2003, moved down to Rs 46.55
In 2004, moved down to Rs 45.30
In 2005, moved down to Rs 44.10
In 2006, moved down to Rs 43.21
In 2007, moved down to Rs 39.91

Who benefits, who doesn't?
INDIA
* As the value of dollar goes down importing oil becomes cheaper. India has joined the trillion-dollar club. India imports 75% of its oil.

* Indian companies will invest more money in foreign companies and will import capital equipment to expand their operations. India's stronger economy, will attract more foreign or big NRI investors. Indian citizen will be able to buy imported items cheaper.

* NRI visitors to India: NRI visitors are big looser because they will get less rupees for his dollars in India.

* NRI wants to buy property in India, also have to pay more. It means that prices of condo or flat may be go down in India

Is rise in Rupee sustainable?

[SEO Consultant]

Is rise in Rupee sustainable?

Some bitter truths

Rupee rising not because economy is good but because of rising share market, by FIIs pumping in dollars. It is already overvalued. Dollars are coming in via share market. They go out for oil. The demand for oil in India will continuously increase and so will its price. Therefore in future, the dollars will continue to move out even at faster pace. However, the shares will not continue to rise at the same pace.
 
Result?
The rupee is bound to fall. The current govt. is claiming things to its advantage. The real long term input of dollars will be through increase in exports, as in China, which is not happening to the same extent in India, and is hurt due to high rupee.

new member sidekicks PHP MySQL Perl CGI Ruby devlopments in hyderanad hyderabad properties real estate hyderaba
metro rail project in Hyderabad real-estate Forex trading system metropolitan hyderabad Hyderabad real estate Hyderbad city
Phones hyderabad real estate links real estate links real estate hyderanad hyderabad news Hyderabad real estate
pda iphone concept money making growing fastest
Join BANS Build A Niche Stote PART TIME JOB. Subdomain Domain
MySQl Unlimited Space Web Hosting game dj mixer
electronics nokia. iphone ipods price wholesale
Acura Acura TSX Unlocked Celebrities Biographies moviestills images
home based business phones apple iphone 8gb and nokia n95 8gb New Nokia N95 8Gb @ 140Usd Only..... change Job movie
SUBHASH CHANDRA BOSE NETAJI exchange banner Text Ads CMS
Joomla Politics Corporate earning NINTENDO WII APPLE IPOD
APPLE IPHONE SAMSUNG SONY ERICSSON MOTOROLA Nagarjuna Sagar Nagarjuna Resort
SCHEME REGULARIZATION BUILDING

Unblock Orkut, Myspace, facebook etc. | FREE Hosting | Promote Blog | EARN CASH | Bookmark URL | POST FREE ADs | Business Directory | Work At Home / IT Jobs | Bookmarks Manager | Finance Guide | Bollywood Video | Hollywood Masala | Jennifer Lopez | Masala Scene | Priyanka Chopra Video | Aishwarya Rai | Deepika Padukone | YouTube Video Downloader | Submit Video | Tiny URL | Online Consultancy Service