India added 20% of Pakistan GDP in 2 days to her economy.

[HariPrasad-1]

INR is today Rs 63.63 against USD. It was 68.52 on 30 Nov 2016. Rs 4.89 appreciation in 8 months. It is 7.13% appreciation in 8 months. Almost 0.9% appreciation every month in last 8 months. Chinese Yuan down 1% in same period.

 

[nongaddarliberal]

Good time for the country to stock up on oil, and fast track weapons deals. Let's not wait in case the rupee depreciates.

 

[IndianHawk]

Good time for the country to stock up on oil, and fast track weapons deals. Let's not wait in case the rupee depreciates.

Rupee can only depreciate in the short run.
In medium to long term it can only appreciate sharply. Current account deficit is under control , also competitiveness of economy is swiftly increasing. As GDP will multiple rupee will strengthen .

In long term expect rupee to reach 15-20 level against dollar.

 

[Flame Thrower]

Rupee can only depreciate in the short run.
In medium to long term it can only appreciate sharply. Current account deficit is under control , also competitiveness of economy is swiftly increasing. As GDP will multiple rupee will strengthen .

In long term expect rupee to reach 15-20 level against dollar.

That is way too optimistic bro...

We are slowly converting into export based economy (agreed, that progress is slow). I think we might hold it around 55 to 60 at Max.

We will the impact of GST and exact growth only during 2020(in 2019 stock market will be chaos due to election) budget(thanks to demonetization, which hit black economy real hard. GST messed up tax slabs and encouraged people to pay tax, thus curbing the growth pace of Black economy). Now if the rumors are to be true, i.e Changing the financial year from Jan to Decide in 2018. Our economy will be inaccurate for at least fin 2020. Some economists argue that this change will be a huge death blow(worse than demo) to people who are trying to evade taxes.

One thing is for sure, our economy is facing huge reforms.

 

[IndianHawk]

We are slowly converting into export based economy (agreed, that progress is slow). I think we might hold it around 55 to 60 at Max.

Can't hold it !!! If economy keeps growing at 8 % rupees will rise sharply.

In 2007-08 before recession rupee was already at 39-40 level. Even then our exports were growing and current account was in brief surplus.

Also look at china chinese GDP is 11 + trillion and yen is about 6-7 level to the dollar. So if by 2030 india becomes a 8-10 trillion dollars economy than safely assume rupee to be under 20 . Unless something drastic happens.

Exports have more to do with competitiveness of economy , exchange rate is minor factor. Germany has euro still it is in huge trade surplus and China still exports so much despite having yen at 7 to dollars.

 

[HariPrasad-1]

Today it is 63.56. let us hope that it touches Rs 60 Per usd by next election in April 2019.